Everi Payments talks $375 million eight-year notes at 7½% area yield; pricing Monday

By Paul A. Harris

Portland, Ore., Nov. 20 – Everi Payments, Inc. talked its $375 million offering of eight-year senior notes (Caa1/CCC+) to yield in the 7½% area, according to an informed source.

Books close at 3 p.m. ET on Monday, and the Rule 144A and Regulation S for life offering is set to price thereafter.

Jefferies LLC is the left bookrunner. Macquarie Capital is the joint bookrunner.

The notes come with three years of call protection.

The Las Vegas-based provider of gaming technology plans to use the proceeds to refinance its 10% notes due 2022.

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