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Scientific Games to redeem 10%, 6¼% notes with new note proceeds
By Sarah Lizee
Olympia, Wash., Nov. 12 – Scientific Games Corp. plans to redeem Scientific Games International, Inc.’s $1.2 billion of outstanding 10% senior notes due 2022 and $244 million of outstanding 6¼% senior subordinated notes due 2020 using proceeds from new notes, according to a press release.
The company announced Tuesday that it plans to offer $1.2 billion of senior notes due 2028 and 2029.
The redemptions will also be financed with cash on hand and borrowings under the company’s existing revolving credit facility.
Scientific Games is a Las Vegas-based technology-based gaming company.
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