Scientific Games $150 million term loan to launch next week

By Sara Rosenberg

New York, June 22 - Scientific Games Corp. is expected to hold a bank meeting early next week to launch its proposed $150 million senior secured term loan (BB), according to a market source.

JPMorgan is sole lead bank on the deal.

Proceeds from the term loan will be used to refinance the company's existing term loan B and to reduce amounts outstanding under its existing revolver.

Scientific Games is a New York-based lottery and pari-mutuel operator.

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