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twitterVegas firm refinancing debt
Wednesday, Sept. 18, 2002 | 10:55 a.m.
Station Casinos Inc. of Las Vegas said it will tap its revolving credit facility to pay off its $150 million 9 3/4 percent senior subordinated notes on Oct. 18.
The redemption, and a canceled interest rate swap, are expected to reduce Station's annual interest costs by about $2 million or 2 cents per share.
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