Station Casino owners look at debt exchange to relieve interest pressure

December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP17
The article reports that owners of Station Casinos are considering conducting a debt exchange to reduce debt load and related interest payments as of December 2008. Accordingly, the gaming company had $5.4 billion in long-term debt for the third-quarter ended September 30 with a $281.9 million in interest payments during the period.


Related Articles

  • Station Casinos Exits Bankruptcy. Sheahan, Matthew // High Yield Report;6/20/2011, p17 

    The article reports on the emergence by Las Vegas, Nevada-based casino owner and operator Station Casinos from Chapter 11 bankruptcy protection following its restructuring as of June 20, 2011, with Frank and Lorenzo Fertitta reinvesting 200 million dollars in the firm.

  • Debt Swap Nears For Venezuela.  // Emerging Markets Monitor;11/18/2002, Vol. 8 Issue 30, p9 

    Focuses on the plans of the Venezuelan government for a debt restructuring in 2002. Terms of the proposals for a domestic debt swap; Opposition to the debt swap proposals.

  • STATION CASINOS OWNERS CONSIDER CASH INFUSION. Knightly, Arnold // Las Vegas Business Press (10712186);12/8/2008, Vol. 25 Issue 49, pP20 

    The article reports on the plan of owners of Station Casinos in Nevada to invest their money into the company to mitigate the impact of the U.S. economic crisis. The measures adopted by the owners include providing loans and conducting a debt exchange to reduce the debt load and other interest...

  • "Testing the Waters" Ahead of Exchange Offers.  // Venulex Legal Summaries;2010 Q1, Special section p1 

    The article focuses on the potential problems companies may face if they seek to restructure their debt by means of a registered exchange as published under the U.S. Securities Act Compliance and Disclosure Interpretation. It is stated that most debt exchange are accomplished in transactions...

  • Station Casinos Rejects Buy Offer. Sheahan, Matthew // Mergers & Acquisitions Report;3/9/2009, Vol. 22 Issue 10, p35 

    The article reports that Station Casinos did not accept the 950 million U.S. dollars acquisition offer from Boyd Gaming. According to a letter to Boyd dated March 3, 2009, the offers was non-binding and conditional which was not enough to risk sharing confidential information. On the other hand,...

  • GM To Offer Bondholders Equity Exchange. Kellerhals, Richard // High Yield Report;4/20/2009, Vol. 20 Issue 16, p22 

    The article reports on the preparations by General Motors (GM) for a debt exchange offer in April 2009. Bondholders will reportedly be offered with an approximately 27 billion U.S. dollars. It notes a similar effort by GM in February. To date, the company has 13.4 billion U.S. dollars...

  • Final Actively Traded Debt Regulations: Implications for Debt Modifications and Exchanges. Pomierski, William R.; Ekeberg, Jeffrey K. // Tax Executive;Feb/Mar2013, Vol. 65 Issue 1, p41 

    The article analyzes the implications of the U.S. Treasury Regulation 1.1001-3 for debt modifications and exchanges. It explains the debt-for-debt exchange principles of the regulation and the consequences of the application of the Final Regulations in the context of a taxable debt-for-debt...

  • Government Involvement in Corporate Debt Restructuring: Case Studies from the Great Recession. Grigorian, David A.; Raei, Faezeh // Modern Economy;Mar2013, Vol. 4 Issue 3, p171 

    The paper examines recent episodes of government involvement in corporate debt restructurings. It argues that corporate debt restructuring is an important step toward recovery from a financial crisis. Due to interlinkages between the balance sheets of corporations and the financial sector,...

  • DEBT RESTRUCTURE GIVES BELIZE A BREATHER. Guerrero, Antonio // Global Finance;Apr2007, Vol. 21 Issue 4, p6 

    The article reports on the negotiation made by Belizean government with the bondholders concerning its debt in Belize. The government negotiated more than 98 percent of its debt with bondholders and offered to swap $497 million in foreign commercial debt for new bonds. Inorder to complete the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics