This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Scientific Games Intends To Redeem All Of Its Outstanding 9.25% Senior Subordinated Notes Due 2019

NEW YORK, June 4, 2014 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) ("Scientific Games" or the "Company") announced today that its wholly owned subsidiary, Scientific Games International, Inc. ("SGI"), intends to redeem all of its outstanding 9.25% Senior Subordinated Notes due 2019 (CUSIP No. 80874YAG5) (the "Notes") on Friday, July 4, 2014 (the "Redemption Date").  The redemption price is equal to 104.625% of the principal amount of the Notes, plus accrued and unpaid interest to the Redemption Date. The Notes are expected to be settled in cash on Monday, July 7, 2014 in accordance with the terms of the indenture governing the Notes (the "Indenture").  A notice of redemption containing information required by the terms of the Indenture is being distributed by Deutsche Bank Trust Company Americas, the trustee under the Indenture.

The Company also announced that SGI received tenders and corresponding consents from the holders of $140,602,000, or approximately 40.2%, in aggregate principal amount of its outstanding Notes by the expiration of the early tender deadline, June 3, 2014, at 5:00 p.m. New York City time (the "Early Tender Deadline"), pursuant to its previously announced tender offer and consent solicitation.

SGI purchased the tendered Notes at a price of $1,021.25 (the "Tender Offer Consideration") for each $1,000 principal amount of Notes validly tendered and not withdrawn.  Holders who tendered their Notes and delivered consents before the Early Tender Deadline also received an early tender amount of $30.00 (the "Early Tender Amount") for each $1,000 principal amount of Notes validly tendered and not withdrawn, in addition to the Tender Offer Consideration.  Notes tendered before the Early Tender Deadline may not be withdrawn after the Early Tender Deadline. 

BofA Merrill Lynch is acting as the dealer manager and solicitation agent for the tender offer. Persons with questions regarding the tender offer may contact BofA Merrill Lynch toll-free at (888) 292-0070 or collect at (980) 388-3646. Global Bondholder Services Corporation is acting as information agent and depositary.  Any questions regarding procedures for tendering the Notes or requests for additional copies of the Offer to Purchase and the related Letter of Transmittal, which describe the tender offer and consent solicitation in greater detail and are available free of charge, may contact Global Bondholder Services Corporation toll free at (866) 470-3800 or collect at (212) 430-3774.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs