Station Casinos, Inc. (NYSE: STN; "Station" or the "Company") today announced that it has completed a new $2 billion revolving bank facility (the "Bank Facility"), which refinances its $1 billion revolving credit facility. The Bank Facility was arranged by Banc of America Securities and Wells Fargo Bank, with agent banks, Bank of America, Wells Fargo Bank, Bank of Scotland, Deutsche Bank Trust Company Americas, The Royal Bank of Scotland and Wachovia Bank, National Association. The Bank Facility reduces the existing pricing, has no limitation on capital expenditures, contains no principal amortization and matures in December 2010. The Bank Facility also contains certain financial covenants including a maximum funded debt to EBITDA ratio, a minimum fixed charge coverage ratio and limits share repurchases and investments.
Company Information and Forward Looking Statements
Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station's properties are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Casino and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino Hotel, Magic Star Casino and Gold Rush Casino in Henderson, Nevada. Station also owns a 50% interest in both Barley's Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada and a 6.7% interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino near Sacramento, California on behalf of the United Auburn Indian Community.
This press release contains certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, acquisitions and expansion projects of the Company and its subsidiaries which involve risks and uncertainties that cannot be predicted or quantified, and consequently, actual results may differ materially from those expressed or implied herein. Such risks and uncertainties include, but are not limited to, financial market risks, the ability to maintain existing management, integration of acquisitions, competition within the gaming industry, the cyclical nature of the hotel business and gaming business, economic conditions, regulatory matters and litigation and other risks described in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2004, and its Registration Statement on Form S-4 File No. 333-128963.
Contacts
Station Casinos, Inc., Las Vegas
Glenn C. Christenson, 800-544-2411 or 702-367-2484
Executive Vice President/Chief Financial Officer/
Chief Administrative Officer
or
Thomas M. Friel, 800-544-2411 or 702-221-6793
Vice President of Finance/Controller
or
Lori B. Nelson, 800-544-2411 or 702-367-2427
Director of Corporate Communications
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Tuesday, May 13 2008 
