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EX-99.1 - EX-99.1 - Station Casinos LLC | d450114dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 7, 2017
STATION CASINOS LLC
(Exact name of registrant as specified in its charter)
Nevada | 000-54193 | 27-3312261 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1505 South Pavilion Center Drive
Las Vegas, Nevada 89135
(Address of principal executive offices)
Registrants telephone number, including area code: (702) 495-3000
Not Applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On September 7, 2017, Station Casinos LLC (the Company) issued a press release announcing that it had priced its offering of $550,000,000 aggregate principal amount of Senior Notes due 2025 (the Notes) at an interest rate of 5% and an issue price equal to 100% of the principal amount of the Notes. The offering is expected to close on or about September 21, 2017, subject to customary closing conditions. A copy of the press release is included herewith as Exhibit 99.1 and is incorporated herein by reference.
The Company intends to apply the net proceeds of the sale of the Notes to (i) to redeem all of its outstanding 7.50% Senior Notes due 2021, (ii) to repay all amounts outstanding under its revolving credit facility, (iii) to pay fees and costs associated with the offering and such refinancing and (iv) for general corporate purposes.
The Notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the Securities Act) and to persons outside the United States under Regulation S of 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 sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. |
Description of Exhibit | |
99.1 | Press Release, dated September 7, 2017. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
STATION CASINOS LLC | ||||||
Dated: September 7, 2017 | By: | /s/ Stephen L. Cootey | ||||
Stephen L. Cootey | ||||||
Executive Vice President, Chief Financial Officer and Treasurer |