SEC Filings
8-K
STATION CASINOS LLC filed this Form 8-K on 09/21/2017
Entire Document
 


(L) any cost, charge, fee or expense (including discounts and commissions and including fees and charges incurred in respect of letters of credit or bankers acceptance financings) (or any amortization of any of the foregoing) associated with any issuance (or proposed issuance) of debt, or equity or any refinancing transaction (or proposed refinancing transaction) or any amendment or other modification of any debt instrument, and

(M) any charges, fees and expenses (or any amortization thereof) related to any acquisition, Investment or disposition (or any such proposed acquisition, Investment or disposition) (including amortization or write offs of debt issuance or deferred financing costs, premiums and prepayment penalties), in each case, whether or not successful, less

(3) (A) all non-cash items of such Person or any of its Restricted Subsidiaries increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary course of business, (B) all cash payments during such period relating to non-cash items that were added back in determining Consolidated EBITDA in any prior period and (C) solely for the purpose of calculating the Consolidated Coverage Ratio, Consolidated Leverage Ratio or the Consolidated Secured Leverage Ratio distributions made by the Company to the Holding Companies during such period pursuant to clause (13) under Section 4.07, plus

(4) pre-opening expenses, plus

(5) without duplication, the sum of (A) the New Property EBITDA, (B) Expansion Capital Expenditures EBITDA and (C) Development Project EBITDA to the extent that such New Property, property subject to the Expansion Capital Expenditures or Development Project has not been subsequently sold, transferred or otherwise disposed of by the Company or the Restricted Subsidiary that owns such New Property, property subject to the Expansion Capital Expenditures or Development Project, as applicable, plus

(6) solely for the purpose of calculating the Consolidated Coverage Ratio, Consolidated Leverage Ratio or the Consolidated Secured Leverage Ratio, the amount of any restructuring charges or reserve (including those relating to severance, relocation costs and one-time compensation charges), costs incurred in connection with any non-recurring strategic initiatives, other business optimization expenses (including incentive costs and expenses relating to business optimization programs and signing, retention and completion bonuses) and any unusual or non-recurring charges or items of loss or expense (including, without limitation, losses on asset sales (other than asset sales in the ordinary course of business), plus

(7) Company Tax Payments paid or accrued for such period.

Consolidated EBITDA shall be further adjusted (to the extent not reflected under clauses (1) through (7) above, without duplication):

(A) to include, if otherwise excluded from Consolidated EBITDA due to the operation of paragraph (3) above, the amount of insurance proceeds received during such period or after such period and on or prior to the date the calculation is made with respect to such period, attributable to any property which has been closed or had operations curtailed for such period; provided that such amount of insurance proceeds shall only be included pursuant to this clause (A) to the extent of the amount of insurance proceeds plus Consolidated EBITDA attributable to such property for such period

 

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