Station Casinos, Inc. (the "Company") announced today that it and certain of its non-casino subsidiaries filed voluntary petitions to reorganize under Chapter II of the United States Bankruptcy Code in Reno, Nevada. Pursuant to an agreement with the Company's senior secured lenders, none of the Company's casino operating subsidiaries or affiliates were included in the Chapter 11filings and the Company will continue normal operations at all of its properties under the direction of its existing management team. In addition to cash generated from its operating subsidiaries and affiliates, the Company has in place an agreement with its senior secured lenders that~ subject to court approval, permits it to borrow, as needed, up to $150 million of cash from one of its non-operating subsidiaries.
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