New Issue-Scientific Games Int'l sells $225 mln in notes

Mon May 18, 2009 11:41pm BST
[-] Text [+]
  May 18 (Reuters) - Scientific Games International, Inc, a
unit of Scientific Games Corp (SGMS.O: Quote, Profile, Research) on Monday sold $225
million of 10-year senior subordinated notes in the 144a
private placement market, said IFR, a Thomson Reuters
publication.
  The size of the deal was increased from an originally
planned $200 million.
  JPMorgan, Bank of America, Credit Suisse, and Goldman
Sachs were the joint bookrunning managers for the sale.
BORROWER: SCIENTIFIC GAMES INTERNATIONAL INC
AMT $225 MLN*    COUPON 9.25 PCT     MATURITY 6/15/2019 
TYPE SR SUB NTS  ISS PRICE 96.823    FIRST PAY N/A      
MOODY'S Ba3      YIELD 9.75 PCT      SETTLEMENT 5/21/2009
S&P BB-MINUS     SPREAD 653 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 5 YEARS*
*$217.85175 TOTAL PROCEEDS
**MAKE-WHOLE CALL 50 BPS. CALLABLE AT 104.625, 103.083,
101.542, 100. EQUITY CLAW 3Y 35 PCT AT 1009.25


 
 
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