Scientific Games draws $480 million under revolving facilities

By Sarah Lizee

Olympia, Wash., April 14 – Scientific Games Corp. has drawn about $480 million under its revolving credit facilities, according to a press release.

The company said it made the draw to “give it maximum flexibility during these difficult times.”

Scientific Games said it believes that the proceeds from the borrowings, when combined with cash on hand, which was about $200 million as of March 31, allow it to take advantage of opportunities to strengthen the business as the industry begins to recover.

The draw was made on April 9.

The company is a Las Vegas-based supplier of gambling products and technologies.

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