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Milbank Reps Station Casinos In $500M Resort Buy

Law360 (March 11, 2011, 6:27 PM EST) -- Station Casinos LLC is planning to buy Nevada's Green Valley Ranch Resort for $500 million through a prepackaged plan of reorganization, the company announced Thursday.

Station, which emerged from bankruptcy last year and is run by the Fertitta family, said it struck an agreement in which Green Valley will become a wholly owned subsidiary of the restructured casino operator and noted that holders of more than 90 percent of the resort’s first lien debt agreed to support the deal.

The acquisition will be financed in part...
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