Scientific Games holders may convert 0.75% senior subordinated debentures due 2024

By Devika Patel

Knoxville, Tenn., July 9 - Scientific Games Corp. announced that its 0.75% convertible senior subordinated debentures due 2024 may be converted during the quarter ending Sept. 30.

The securities are convertible into cash and shares of class A common stock at a conversion price of $29.10 per share.

The convertibility is a result of Scientific Games stock trading at greater than $34.92, or 120% of the conversion price, during at least 20 of the last trading days in the last quarter.

Wells Fargo National Association is the trustee.

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

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