|STATION CASINOS LLC filed this Form 8-K on 05/03/2017|
||Entry into a Material Definitive Agreement. |
On May 2, 2017,
Station Casinos LLC (Station), Red Rock Resorts, Inc., Station Holdco LLC, the guarantor subsidiaries of Station, Deutsche Bank AG Cayman Islands Branch, as administrative agent, and the lenders party to that certain Credit
Agreement dated as of June 8, 2016 (the Credit Agreement) entered into the Incremental Joinder Agreement No. 2 and Third Amendment to Credit Agreement (the Amendment) pursuant to which the Credit Agreement was
amended to, among other things, (a) increase the Term A loans by $50.0 million to an aggregate outstanding principal amount of $265.0 million and (b) refinance $64.2 million in aggregate principal amount of Term A loans to
reduce the top level margin of 2.75% for LIBOR loans and 1.75% for ABR loans to 2.0% for LIBOR loans and 1.0% for ABR loans.
The foregoing summary of the Amendment is not intended to be complete and is qualified in its entirety by reference to the
full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1, and is incorporated herein by reference.
||Financial Statements and Exhibits. |
Incremental Joinder Agreement No. 2 and Third Amendment to Credit Agreement dated as of May 2, 2017, by and among
Station, the other Station Parties, the lenders party thereto, and Deutsche Bank AG Cayman Islands Branch, as administrative agent.
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