Red Rock Resorts Files 8-K on Material Agreement
Ticker: RRR · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1653653
| Field | Detail |
|---|---|
| Company | Red Rock Resorts, Inc. (RRR) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.01, $500 million, $200.0 million, $1,570.0 million, $1,100.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, debt
Related Tickers: RRR
TL;DR
RRR filed an 8-K for a material definitive agreement, likely involving new debt or financial obligations.
AI Summary
On March 14, 2024, Red Rock Resorts, Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware with its principal executive offices in Las Vegas, Nevada, filed this 8-K report to disclose this event.
Why It Matters
This filing indicates a significant financial event for Red Rock Resorts, Inc., potentially impacting its debt structure or operational financing.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce financial risks and alter a company's capital structure.
Key Numbers
- 001-37754 — SEC File Number (Identifies the company's filings with the SEC.)
- 47-5081182 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Red Rock Resorts, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Las Vegas, Nevada (location) — Principal executive offices
- March 14, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement did Red Rock Resorts, Inc. enter into?
The filing states that the company entered into a 'Material Definitive Agreement' and also an 'Obligation under an Off-Balance Sheet Arrangement of a Registrant', but the specific details of the agreement are not provided in the provided text.
What is the nature of the financial obligation being reported?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', suggesting a new debt or financial commitment.
When was this material definitive agreement reported?
The report was filed on March 14, 2024, and this is the date of the earliest event reported.
Where are Red Rock Resorts, Inc.'s principal executive offices located?
The principal executive offices of Red Rock Resorts, Inc. are located at 1505 South Pavilion Center Drive, Las Vegas, Nevada 89135.
What is the company's SEC file number?
The SEC file number for Red Rock Resorts, Inc. is 001-37754.
Filing Stats: 2,459 words · 10 min read · ~8 pages · Grade level 14.8 · Accepted 2024-03-14 16:06:02
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value RRR NASDAQ Stock Market
- $500 million — ion Casinos LLC (the "Company"), issued $500 million aggregate principal amount of 6.625% Se
- $200.0 million — y's New Term B Loan (defined below) and $200.0 million of borrowings under the New Revolving C
- $1,570.0 million — ity in an aggregate principal amount of $1,570.0 million (the "New Term B Facility" and the term
- $1,100.0 million — ity in an aggregate principal amount of $1,100.0 million (the "New Revolving Credit Facility" an
- $750.0 million — of up to the sum of (x) the greater of $750.0 million and 1.00 times Consolidated EBITDA (as
Filing Documents
- d806794d8k.htm (8-K) — 47KB
- d806794dex41.htm (EX-4.1) — 868KB
- d806794dex101.htm (EX-10.1) — 1456KB
- 0001193125-24-067880.txt ( ) — 3039KB
- rrr-20240314.xsd (EX-101.SCH) — 3KB
- rrr-20240314_lab.xml (EX-101.LAB) — 17KB
- rrr-20240314_pre.xml (EX-101.PRE) — 11KB
- d806794d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits The following material is being furnished as an exhibit to the Current Report on Form 8-K. Exhibit Number Description 4.1 Indenture, dated as of March 14, 2024, among Station Casinos LLC, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. 10.1 Amended and Restated Credit Agreement, dated as of March 14, 2024, among Stations Casino, LLC, the guarantors party thereto, Deutsche Bank AG Cayman Islands Branch, as administrative agent and collateral agent, and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Red Rock Resorts, Inc. Date: March 14, 2024 By: /s/ Stephen L. Cootey Stephen L. Cootey Executive Vice President, Chief Financial Officer and Treasurer