Scientific Games repays $42.4 million of debt in third quarter

By Tali Rackner

Norfolk, Va., Nov. 3 – Scientific Games Corp. made net payments of $42.4 million on its debt during the quarter ended Sept. 30, including $30 million of voluntary net repayments under its revolving credit facility and $10.8 million of mandatory amortization of its term loans, according to a release of its 2016 third quarter results.

The company also made payments to reduce capital leases.

Cash and cash equivalents increased $19.5 million during the quarter, the release said.

In the same period of 2015, Scientific Games made net payments of $72.6 million on its debt, partially reflecting the use of $27 million of cash and cash equivalents.

Since the beginning of the year, the company said the total principal face value of debt has been reduced by $151 million.

Scientific Games is a New York-based provider of technology-based products and services and associated content for gaming and lottery markets.

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