Scientific Games Lottery to launch U.S. and euro term loans Wednesday

By Sara Rosenberg

New York, Jan. 25 – Scientific Games Lottery is scheduled to hold a lender call at 9:30 a.m. ET on Wednesday to launch a $1.77 billion seven-year covenant-lite term loan B and a $750 million equivalent euro seven-year covenant-lite term loan B, according to a market source.

Management meetings are available in the afternoon following the lender call.

Deutsche Bank Securities Inc., Barclays, BNP Paribas Securities Corp., Credit Agricole, Macquarie Capital and RBC Capital Markets are the bookrunners on the deal. Deutsche is the administrative agent.

The term loans have 101 soft call protection for six months, the source said.

Commitments are due at 10 a.m. ET on Feb. 4.

Proceeds will be used with equity to fund the acquisition of the company by Brookfield Business Partners LP for about $5.8 billion.

Closing is expected in the second quarter, subject to customary conditions, including regulatory approvals.

Scientific Games Lottery is a lottery services and technology company.

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