Bankruptcy expert says lenders are being ‘awfully nice’

Station Casinos on Friday was able to put off a bankruptcy filing until another day after getting a fourth extension so it can continue negotiating a restructuring plan, the company said.

Earlier Friday, company spokeswoman Lori Nelson declined to say how long of an extension the bondholders will grant the company or if the terms of Station Casinos’ prepackaged bankruptcy proposal will be changed.

Station’s last extension, which ended Friday, was only for a two-week period, a much shorter time period than its previous extensions.

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