Scientific Games launches $3.3 billion term B-4 at Libor plus 350 bps

By Sara Rosenberg

New York, July 24 – Scientific Games Corp. held a lender call on Monday afternoon to launch a $3,283,000,000 term loan B-4 due August 2024 that is talked at Libor plus 350 basis points with a 0% Libor floor and an original issue discount of 99.5, according to a market source.

Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Fifth Third Bank, Goldman Sachs Bank USA, Macquarie Capital (USA) Inc. and PNC are the leads on the deal.

Proceeds will be used to refinance/extend an existing term loan B-3 due October 2021.

Commitments are due at noon ET on Friday, the source added.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.