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Station Casinos Announces $375 Million Sale29 June 2000LAS VEGAS, June 29 (Press Release) -- Station Casinos, Inc., (NYSE: STN - news) today announced the sale of $375 million of 9 7/8 percent senior subordinated notes due December 2010 which were priced to yield 9.9375 percent. Proceeds from the sale of the notes will be used to repay amounts outstanding under the Company's revolving credit facility and term loan. The availability created on the revolving credit facility will, in part, be used to fund the purchase of the Santa Fe Hotel & Casino in the fourth quarter, subject to the receipt of necessary regulatory approvals. The senior subordinated notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Station Casinos, Inc. is a multi-jurisdictional gaming company that owns and operates the Palace Station Hotel & Casino, the Boulder Station Hotel & Casino, the Texas Station Gambling Hall & Hotel, and the Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Sunset Station Hotel & Casino in Henderson, Nevada, as well as slot machine route management services in Clark County, Nevada. Station Casinos, Inc. also owns and operates Station Casino St. Charles, a gaming and entertainment facility in St. Charles, Missouri, and Station Casino Kansas City, a gaming and entertainment facility in Kansas City, Missouri. |