Everi Holdings Inc, a specialist in cash handling technology and electronic game content for the casino industry, announced on Tuesday the closing of a private offering of US$375-million worth of senior unsecured notes. The notes – offered by the firm’s wholly-owned subsidiary Everi Payments Inc – bear interest of 7.50 percent and become due in 2025.
The group intends to use the proceeds from the offering, together with cash on hand, to redeem in full its existing US$350-million of 10.00-percent senior unsecured notes due in 2022, the parent firm stated.
“On December 5, 2017, Everi Payments issued an unconditional notice of redemption with respect to the 2022 Notes, which redemption will be consummated on January 15, 2018,” the firm said in Tuesday’s press release.
The new notes were offered and sold only to “qualified institutional buyers”, Everi Holdings stated. The deal was done via investment banks Jefferies LLC and Macquarie Capital (USA) Inc.
Everi Holdings said last month that it had concluded the repricing of a US$820-million senior secured term loan, adding that it expected to generate cash interest savings of approximately US$8.2 million on an annualised basis.
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Jun 25, 2018Electronic casino game distributor Asia Pioneer...
Aug 17, 2018Nearly 900 employees of MGM China Holdings Ltd graduated this week from training programmes put on by the Macau casino operator. A MGM China press release said the company held a graduation ceremony...
Aug 17, 2018
Aug 17, 2018
"The ICAC in Hong Kong has the authority to detain people or to arrest people. But being detained or arrested – and actually being charged – are completely different things"
Japanese gaming entrepreneur