GGRAsia – Scientific Games completes financing deals

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Scientific Games completes financing deals

Feb 15, 2017 Newsdesk Industry Talk, Latest News, Top of the deck

Scientific Games completes financing deals

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.

Related articles

U.S. sports bet clarity could benefit...
Apr 06, 2018
New Sci Games slot in Macau, other Apac...
Mar 23, 2018

More news

Ponte 16 first in Macao to get new...
Apr 27, 2018
Mobile e-payments at Sands China to hit...
Apr 27, 2018

Ponte 16 first in Macao to get new smoking lounge okayed

Ponte 16 first in Macao to get new smoking lounge okayed

Apr 27, 2018

Macau casino hotel Ponte 16 (pictured) has become the first property to have a smoking lounge approved by the city’s authorities under a new, enhanced set of technical standards. The gaming...

Mobile e-payments at Sands China to hit US$370mln in 2018

Mobile e-payments at Sands China to hit US$370mln in 2018

Apr 27, 2018

MGM China posts 26pct jump in 1Q rev as Cotai comes online

MGM China posts 26pct jump in 1Q rev as Cotai comes online

Apr 27, 2018

BMM prepped for Macau EGM regulation update: White
Jan 04, 2018

BMM Testlabs “ticks all the boxes” with regard to its...
Japan, Cambodia, Vietnam casino biz to watch: Klebanow
Dec 08, 2017

The regulated casino industry is well versed in dealing...
Cloud services, e-Sports highlights of MGS 2017: Chun
Oct 23, 2017

The presence of some of the leading cloud computing...
Crunch time for Tokyo casino option: Caesars exec
Jul 11, 2017

The Tokyo local election setback for Japan’s governing...
Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
Jul 06, 2017

A multibillion U.S. dollar casino project on Vietnam’s...