Scientific Games Corp announced on Tuesday the completion of a series of financing deals. The transactions were made via wholly owned subsidiary Scientific Games International Inc.
The transactions included a private offering of US$1.15 billion in aggregate principal amount of 7.0 percent senior secured notes due 2022.
Also included in the series of completed deals were amendments to Scientific Games’ credit agreement. These amendments extended the maturity of the firm’s term loans and revolving credit facility and reduced the applicable interest rate, according to a Tuesday release.
Scientific Games said it intended to use “a majority” of the net proceeds from the new notes to prepay “a portion” of its term loans and revolving loans under its credit agreement.
Earlier this week, the U.S.-based casino equipment and lottery services firm appointed Karin-Joyce Tjon as chief operating officer and president.
Mar 21, 2019The Japanese city and surrounding prefecture of Osaka are likely to make a decision on their development partners for a tilt at a casino resort by “this time next year”, said Jim Murren (pictured...
Mar 21, 2019
"We hope that the earnings power of that building [the Londoner], when we are finished, can rival that of the Venetian [Macao]"
Senior vice president of investor relations at casino operator Las Vegas Sands