Station Casinos again gets time to talk

Knighty, Arnold M.
May 2009
Las Vegas Business Press (10712186);5/25/2009, Vol. 26 Issue 21, pP13
This article reports on the third forbearance agreement received by Station Casinos enabling it to continue negotiating a restructuring plan with its lenders. May 29, 2009 is the deadline facing the casino company to reach agreements on a prepackaged bankruptcy with bondholders. The company has a $5.7 billion debt load.


Related Articles

  • Après-scheme. Pilkington, Christian; Heverin, Kevin // Lawyer;6/27/2011, Vol. 25 Issue 26, p26 

    The article discusses the need by complex corporate reorganizations for an English law scheme which can provide a compromise with creditors outside the scope of formal bankruptcy proceedings. It notes that the potential hold-out value of dissident creditor minorities can be counteracted by a...

  • After creditors agree, judge confirms Station reorganization plan. Stutz, Howard // Las Vegas Business Press (10712186);9/6/2010, Vol. 27 Issue 36, pP12 

    The article reports on the federal bankruptcy judge's confirmation of Station Casinos' reorganization plan, after 90 percent of its secured and unsecured creditors agreed.

  • Extension lets Station forestall bankruptcy. Knightly, Arnold M. // Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP13 

    The article reports on the postponement by Station Casinos of a bankruptcy filing after receiving a fourth extension in order for it to continue negotiating a restructuring plan. A prepackaged bankruptcy plan was proposed by Station in February 2009 that would let it restructure and cut about 50...

  • Station Casinos seeks OK to restructure. Knightly, Arnold M. // Las Vegas Business Press (10712186);2/9/2009, Vol. 26 Issue 6, pP14 

    The article announces that Station Casinos is seeking the approval of its bondholders for a proposed restructuring project that could see the firm file for Chapter 11 bankruptcy in March 2009. Bondholders are given until midnight of March 2, 2009 to approve the proposed restructuring project....

  • Insolvency THEN and NOW. Lorinc, John // CA Magazine;Jan/Feb2011, Vol. 144 Issue 1, p16 

    The article discusses the challenges of insolvency and restructuring professionals (CIRP) to resolve the struggling companies and debt-ridden individuals in Canada. It highlights the regulations adopted by the Office of the Superintendent of Bankruptcy (OSB) in determining bankruptcy...

  • PERSONAL INSOLVENCY. DELEANU, Diana // International Conference : CKS - Challenges of the Knowledge Soc;2015, p225 

    In 2014 a draft bill on personal insolvency reached public debate, stirring controversy in both financial and academic environment. The current paper aims at analyzing the merits and weak points of the draft bill.

  • Debt of latitude. Segal, Nick // Lawyer;1/15/2007, Vol. 21 Issue 2, p32 

    The author reflects on the impact of the U.S. bankruptcy practice on Great Britain and European financial restructurings. The author inferred that the schemes for financially distressed debtors is one aspect of the restructuring law in Europe where there is an increasing pressure to adopt the...

  • Station reaches deal with creditors over reorganization. Stutz, Howard // Las Vegas Business Press (10712186);8/30/2010, Vol. 27 Issue 35, pP17 

    The article reports on the completion of the Station Casinos bankruptcy reorganization plan after a successful agreement between company representatives and a second group of unsecured creditors.

  • Perkins & Marie Callender's Files Chapter 11. COLTER, ALLISON BISBEY // Mergers & Acquisitions Report;6/20/2011, Vol. 24 Issue 25, p5 

    This article reports on the filing for Chapter 11 bankruptcy by Perkins & Marie Callender's, owner of casual dining restaurants in the U.S. An agreement has been reached by the company with creditors on the principal terms of its restructuring plan. The company posted assets of 290 million U.S....


Read the Article


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

Try another library?
Sign out of this library

Other Topics