• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Sci Games unit prices US$1.2bln in unsecured notes

Nov 13, 2019 Newsdesk Industry Talk, Latest News, World  


Sci Games unit prices US$1.2bln in unsecured notes

Gaming equipment and lottery services provider Scientific Games Corp’s wholly-owned subsidiary Scientific Games International Inc has priced US$1.2-billion – in aggregate principal amount – in senior unsecured notes, the parent said in a Tuesday press release.

The unsecured notes – comprising US$700-million of 7.00-percent senior unsecured notes due in 2028; and US$500-million of 7.25-percent senior unsecured notes due in 2029 – are respectively at an issue price of 100 percent, according to a previously-announced private offering.

The offering is currently expected to close on November 26, according to the parent.

Scientific Games Corp intends to use the net proceeds of the notes offering – together with cash on hand and borrowings under the group’s existing revolving credit facility – to “redeem all US$1.2 billion of Scientific Games International’s outstanding 10.0  percent senior unsecured notes due in 2022, redeem all US$244 million of that unit’s outstanding 6.25 percent senior subordinated notes due in 2020..,” the parent said.

It added it would also use the proceeds to pay “accrued and unpaid interest”.. plus any related premiums, fees and costs and pay related fees and expenses of the notes offering.

The parent said in a third-quarter earnings statement issued last week that its net debt for the 12 months to September 30, stood at just under US$8.60 billion, a reduction of US$241 million on the nearly US$8.84 billion a year earlier.

Scientific Games swung to a third-quarter profit of US$14 million, compared to a loss of US$352 million in the same quarter a year ago.


  • tweet
Related articles
  • Aristocrat, Sci Games, IGT aid AGEM Index November gains
    Aristocrat, Sci Games, IGT aid AGEM...

    Dec 06, 2019  

  • Slower China no threat to APAC casino biz: panel
    Slower China no threat to APAC casino...

    Dec 03, 2019  

More news
  • Macau’s Taipa to Cotai light rail open for service Dec 10
    Macau’s Taipa to Cotai light rail...

    Dec 06, 2019  

  • Okura hotel at RW Manila likely end 1Q2020 launch: firm
    Okura hotel at RW Manila likely end...

    Dec 06, 2019  


Latest News

Macau’s Taipa to Cotai light rail open for service Dec 10

Macau’s Taipa to Cotai light rail open for service Dec 10

Dec 06, 2019  

The Taipa to Cotai section of Macau’s Light Rapid Transit (LRT) system (pictured in a file photo) is to be officially launched for passengers on Tuesday (December 10). Rides on the route will be...
Read More
Okura hotel at RW Manila likely end 1Q2020 launch: firm

Okura hotel at RW Manila likely end 1Q2020 launch: firm

Dec 06, 2019  

Interviews

  • Nagasaki fully backs Sasebo IR location: vice governor
    Nagasaki fully backs Sasebo IR location: vice governor

    Nov 06, 2019  

    A senior official of Japan’s Nagasaki prefecture has...
  • NagaCorp open to new development opportunities: chairman
    NagaCorp open to new development opportunities: chairman

    Jul 15, 2019  

    Hong Kong-listed casino operator and developer NagaCorp Ltd...
  • Casino logistics provider TKHS aims for global footprint
    Casino logistics provider TKHS aims for global footprint

    Jul 12, 2019  

    Asia-based casino logistics provider TKHS Group has plans...
  • Nagasaki official hopes for casino RFC phase by autumn
    Nagasaki official hopes for casino RFC phase by autumn

    Jul 04, 2019  

    Japan’s Nagasaki prefecture and Sasebo city aspire to...
  • Macau Legend Laos expansion soft launch early 2020: exec
    Macau Legend Laos expansion soft launch early 2020: exec

    Jun 12, 2019  

    Hong Kong-listed casino services firm Macau Legend...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We received … positive feedback from partners, visitors and exhibitors, encouraging our consideration for the next edition”

Josephine Lee

Chief operating officer of Reed Exhibitions Greater China, organiser of the G2E Asia @ the Philippines



Most Popular

  • Macau’s Taipa to Cotai light rail open for service Dec 10Macau’s Taipa to Cotai light rail open for service Dec… December 6, 2019
  • Melco poised for face check gantries at casino entry pointsMelco poised for face check gantries at casino entry points December 5, 2019
  • Galaxy Ent Boracay project might have chance: PagcorGalaxy Ent Boracay project might have chance: Pagcor December 4, 2019
  • Okada Manila to add condos, group to foray into medical fieldOkada Manila to add condos, group to foray into medical… December 5, 2019
  • Okura hotel at RW Manila likely end 1Q2020 launch: firmOkura hotel at RW Manila likely end 1Q2020 launch: firm December 6, 2019
Copyright 2014-2019 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us