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LAS VEGAS — A Station Casinos Inc. spokeswoman says the private casino operator has agreed with lenders to extend its deadline to work through a plan to restructure its debt.
Station Casinos spokeswoman Lori Nelson told The Associated Press that the Las Vegas-based company expected to provide details of the new forbearance extension in a regulatory filing Friday.
The extension is the third since Station Casinos first asked bondholders to support its plans to swap high-cost debt for low-cost debt through a prepackaged bankruptcy filing.
The plan also calls for Station's owners to provide a $244 million capital infusion.
Station reported a loss of $33.7 million for the first quarter this year. The company says it has $5.74 billion in long-term debt as of March 31.
