Keep Your Eyes on Stock News: Scientific Games Corporation (NASDAQ:SGMS)

On Tuesday Scientific Games Corporation (NASDAQ:SGMS) traded with change of -4.97% on volume of 747629 shares in the last session as compared to average volume of 1048193 shares. During last trade its minimum price was $27.32 and it gained highest price of $28.93. SGMS has total market capitalization of $2551374776. Its closing value stands at $27.36.

On Nov. 26, 2019, Scientific Games Corporation (NASDAQ:SGMS) reported that its wholly owned subsidiary, Scientific Games International (SGI), successfully completed a private offering of $1,200.0 million in aggregate principal amount of new senior unsecured notes, which was comprised of $700.0 million of 7.000% senior unsecured notes due 2028 (the 2028 Notes) and $500.0 million of 7.250% senior unsecured notes due 2029 (the 2029 Notes and, together with the 2028 Notes, the Notes), each at an issue price of 100.000%.

The net proceeds of the Notes offering, together with cash on hand and borrowings under the existing revolving credit facility, will be used to redeem all $1,200 million of SGI’s outstanding 10.000% senior unsecured notes due 2022 (the 2022 Notes), redeem all $244 million of SGI’s outstanding 6.250% senior subordinated notes due 2020 (the 2020 Notes), pay accrued and unpaid interest thereon plus any related premiums, fees and expenses, and pay related fees and expenses of the Notes offering.

The Notes are guaranteed on a senior basis by Scientific Games and certain of its subsidiaries, and the Notes are not secured.

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