• 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

Scientific Games completes offering of US$1.1bln of debt

Mar 20, 2019 Newsdesk Industry Talk, Latest News  


Scientific Games completes offering of US$1.1bln of debt

U.S.-based gaming equipment manufacturer Scientific Games Corp says a wholly owned subsidiary called Scientific Games International Inc has completed a private offering of US$1.1-billion worth of new 8.25-percent senior unsecured notes due 2026 at an issue price of 100 percent.

Scientific Games announced in writing on Tuesday that it would use the net proceeds to redeem about US$1 billion of outstanding 10-percent senior unsecured notes, due to mature in 2022 and that were issued by the subsidiary, to settle the interest on the debt and to pay various costs of the offering.

On March 5, Scientific Games said the notes would be offered to institutional investors outside the United States.

The same day, Deutsche Bank Securities Inc said it expected the debt offering to save Scientific Games about US$9 million a year in interest payments.

In February, Scientific Games announced that its annual net loss grew to US$352.4 million in 2018 from US$242.3 million the year before, on annual revenue that increased by 9.1 percent to US$3.36 billion.

Net debt owed by Scientific Games amounted to about US$9.05 billion on December 31, having been almost US$8.08 billion a year earlier.


  • tweet
Related articles
  • Sci Games appoints Victor Blanco as chief technology officer
    Sci Games appoints Victor Blanco as...

    Apr 16, 2021  

  • GEN Malaysia unit taps US$1bln in notes
    GEN Malaysia unit taps US$1bln in

    Apr 14, 2021  

More news
  • Oaktree offers US$$2.3bln for Crown to buy out Packer
    Oaktree offers US$$2.3bln for Crown to...

    Apr 19, 2021  

  • Okada Manila 1Q GGR down 41pct amid casino restrictions
    Okada Manila 1Q GGR down 41pct amid...

    Apr 19, 2021  


Latest News

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Australian casino operator Crown Resorts Ltd said on Monday it had received a circa AUD3.0-billion (US$2.31-billion) proposal by private equity firm Oaktree Capital Management LP to buy the...
Read More
Okada Manila 1Q GGR down 41pct amid casino restrictions

Okada Manila 1Q GGR down 41pct amid casino restrictions

Apr 19, 2021  

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Sands China says no links to online gaming siteSands China says no links to online gaming site April 15, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us