Item 8.01. Other Events.
On January 24, 2020, Red Rock Resorts, Inc.'s consolidated subsidiary, Station
Casinos LLC (the "Company"), issued a press release announcing that it had
priced its offering of $750,000,000 aggregate principal amount of Senior Notes
due 2028 (the "Notes") at an interest rate of 4.5% and an issue price equal to
100% of the principal amount of the Notes. The offering is expected to close on
or about February 7, 2020, subject to customary closing conditions. A copy of
the press release is included as Exhibit 99.1 and is incorporated herein by
reference.
The Company intends to apply the net proceeds of the sale of the Notes (i) to
repay a portion of the amounts outstanding under its senior secured credit
facilities, (ii) to pay fees and costs associated with the offering and
(iii) for general corporate purposes.
The Notes will be offered and sold to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to persons outside the United States in accordance with
Regulation S under the Securities Act. The Notes will not be registered under
the Securities Act and, unless so registered, may not be offered or sold in the
United States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and applicable
state securities laws. This report shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any offer,
solicitation or sale of the Notes in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
Exhibit
No. Description
99.1 Press Release dated January 24, 2020
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the inline XBRL document)
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