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twitter$375 million in bonds sold
Friday, June 30, 2000 | 11:06 a.m.
Station Casinos Inc. of Las Vegas announced it sold $375 million in 10-year senior subordinated notes. The bonds carry an interest rate of 9.88 percent.
Proceeds from the bond sale will be used to repay outstanding debt on Station's revolving credit facilities. The facilities will then be used to help finance Station's pending $205 million purchase of the Santa Fe hotel-casino, expected to close in the fourth quarter.
The bonds come due in December 2010.
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