• 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 seeks US$2.9 bln in note offer

Nov 06, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  


Scientific Games seeks US$2.9 bln in note offer

Nasdaq-listed Scientific Games Corp has announced a US$2.9 billion note offer via wholly owned subsidiary Scientific Games International Inc. The money will be used to finance the acquisition of Bally Technologies Inc, the firm said in a filing on Wednesday.

The company, a specialist in lottery equipment and lottery management, plans to offer US$700 million of senior secured notes due in 2021 and US$2.2 billion of senior unsecured notes due in 2022, via a private offering.

Scientific Games announced in August it was acquiring fellow gaming equipment maker Bally Technologies in a deal valued at US$5.1 billion. In September, the schedule for the completion of the merger was brought forward to end-2014. The deal was initially scheduled to be closed in early 2015.

Last week, Scientific Games president and chief executive Gavin Isaacs dismissed commentary suggesting the company was facing problems in financing the acquisition deal.

Bloomberg News had previously reported that banks led by JPMorgan Chase & Co had put off syndicating US$3.19 billion of loans for Scientific Games to finance the Bally Technologies acquisition, quoting unnamed sources. That was after the banks, hired to underwrite and sell a bridge loan to finance the deal, failed to attract sufficient interest from investors, the media outlet reported.


  • tweet
Related articles
  • Tak Chun CEO Levo Chan primed for Macau Legend board
    Tak Chun CEO Levo Chan primed for Macau...

    Nov 09, 2020  

  • Sci Games sees quarterly loss narrow sequentially in 3Q
    Sci Games sees quarterly loss narrow...

    Nov 05, 2020  

More news
  • Melco likely to take on more debt for expansion: Moody’s
    Melco likely to take on more debt for...

    Jan 20, 2021  

  • Visitors stayed longer in Macau in 2020, says govt
    Visitors stayed longer in Macau in...

    Jan 20, 2021  


Latest News

Melco likely to take on more debt for expansion: Moody’s

Melco likely to take on more debt for expansion: Moody’s

Jan 20, 2021  

Moody’s Investors Service Inc says it expects the ratio of adjusted debt to earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau casino operators Melco Resorts and...
Read More
Visitors stayed longer in Macau in 2020, says govt

Visitors stayed longer in Macau in 2020, says govt

Jan 20, 2021  

Suntrust gets OK for unit handling hotel, tourism biz

Suntrust gets OK for unit handling hotel, tourism biz

Jan 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The increased focus we can now bring to our gaming and amusement business [after a spin-off of the firm's cash-handling product business] will bring us closer to the customer as we align our offerings more directly with their needs"

Sim Bielak

Global president of casino equipment supplier SuzoHapp



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Mass market play record 65pct Macau GGR in 4Q: govtMass market play record 65pct Macau GGR in 4Q: govt January 15, 2021
  • Malaysia Covid outlook negative to Genting Bhd: Moody’sMalaysia Covid outlook negative to Genting Bhd: Moody’s January 15, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us