Scientific Games to price $1.1 billion seven-year notes on Tuesday; initial talk high 7% area

By Abigail W. Adams

Portland, Me., March 5 – Scientific Games International Inc. plans to price $1.1 billion seven-year senior notes (existing Caa1/B) in a Tuesday drive-by with initial talk for a yield in the high 7% area, according to market sources.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., RBC Capital Markets LLC, Credit Suisse Securities (USA) LLC, Citizens Bank, Fifth Third Securities Inc., PNC Capital Markets LLC, Macquarie Capital and Goldman Sachs & Co. LLC are bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used to redeem the company’s 10% senior notes due 2022.

Scientific Games is a Las Vegas-based technology-based gaming company.

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