Red Rock Resorts,Inc. (NYSE:MTN) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On May2, 2017, Station Casinos LLC (Station), Red Rock
Resorts,Inc., Station Holdco LLC, the guarantor subsidiaries of
Station, Deutsche Bank AG Cayman Islands Branch, as
administrative agent, and the lenders party to that certain
Credit Agreement dated as of June8, 2016 (the Credit Agreement)
entered into the Incremental Joinder Agreement No.2 and Third
Amendment to Credit Agreement (the Amendment) to which the Credit
Agreement was amended to, among other things, (a)increase the
Term A loans by $50.0million to an aggregate outstanding
principal amount of $265.0million and (b)refinance $64.2million
in aggregate principal amount of Term A loans to reduce the top
level margin of 2.75% for LIBOR loans and 1.75% for ABR loans to
2.0% for LIBOR loans and 1.0% for ABR loans.
The foregoing summary of the Amendment is not intended to be
complete and is qualified in its entirety by reference to the
full text of the Amendment, a copy of which is attached hereto as
Exhibit10.1, and is incorporated herein by reference.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
ExhibitNumber |
Description |
|
| 10.1 |
Incremental Joinder Agreement No.2 and Third Amendment to |
2
About Red Rock Resorts, Inc. (NYSE:MTN)
Vail Resorts, Inc. is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. It operates mountain resorts and urban ski areas, such as Whistler Blackcomb in British Columbia, Canada. In the Lodging segment, it owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, as well as other lodging properties and various condominiums; National Park Service (NPS) concessionaire properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park; Colorado Mountain Express (CME), and mountain resort golf courses. Its Real Estate segment owns, develops and sells real estate in and around its resort communities. Red Rock Resorts, Inc. (NYSE:MTN) Recent Trading Information
Red Rock Resorts, Inc. (NYSE:MTN) closed its last trading session 00.00 at 198.87 with 229,597 shares trading hands.
