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.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia