Station Casinos to pay $400 million in notes - 2004-01-16
Station Casinos Inc. (STN) disclosed on Thursday it had agreed to pay $400 million in senior notes to pay-off an outstanding debt.
The Las Vegas-based casino operator stated that it would use proceeds from the new notes, due in 2014 and bearing a 6.5 percent interest rate, to retire $199.9 million in notes due in 2008 and to lower its ongoing credit facility.
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