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Issuers
Station Casino misses interest payment
Wednesday, March 18, 2009
Station Casinos made a filing yesterday, annoucing that on 16 March it decided not to make a $9.9 million interest payment due on 15 March, to holders of the $300 million, 6.625% senior subordinated notes due 2018. The grace period will end on 14 April 2009.
According to its 10Q filing on 8 November 2008, the company had $5.2 billion in outstanding debt.
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Trading
Structured
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
