The Company intends to use the net proceeds from the Notes offering, along with cash on hand and borrowings under a new credit facility, to (i) purchase or redeem all of its outstanding Senior Notes due 2018, (ii) repay all amounts outstanding under the Company�s senior secured credit facility and the credit facility under which NP Opco LLC and Station GVR Acquisition, LLC, both subsidiaries of the Company, are borrowers and (iii) pay fees and expenses associated with the refinancing transactions.
LAS VEGAS, February 19, 2013 � Station Casinos LLC (the ∼ompany�) announced today that it intends to offer, subject to market and other conditions, approximately $500 million aggregate principal amount of senior notes due 2021 (the �Notes�) in a private placement.
