Scientific Games subsidiary solicits consents for 7 7/8% notes

By Jennifer Chiou

New York, Oct. 19 - Scientific Games Corp. direct wholly owned subsidiary Scientific Games International, Inc. announced the start of a consent solicitation from holders of its $200 million of 7 7/8% senior subordinated notes due 2016.

The company is asking for consents to proposed amendments to the indenture governing the notes to provide it with additional flexibility for investment opportunities that it may decide to pursue, including potential strategic partnerships, joint ventures and other acquisitions.

The solicitation is set to expire at 5 p.m. ET on Oct. 27.

The company is offering a consent fee of $25.00 per $1,000 principal amount of notes, assuming holders of no less than a majority of the notes deliver consent and a supplemental indenture is declared effective.

Credit Suisse Securities (USA) LLC (212 325-5912 or call collect 800 820-1653) and UBS Securities LLC (203 719-4210 or call collect 888 719-4210) are the solicitation agents.

Global Bondholder Services Corp. is the information agent (866 795-2200 or 212 430-3774 for banks and brokers).

Scientific Games is a New York-based provider of customized, end-to-end gaming services to lottery and gaming organizations.

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