LAS VEGAS, March 17, 2017 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that it has completed the redemption of all $250 million aggregate principal amount of its outstanding 8.125% senior subordinated notes due 2018 (the "2018 Notes") at a redemption price equal to 100% of the principal amount of the 2018 Notes, plus accrued and unpaid interest to but not including the redemption date.
The redemption was made pursuant to the terms set forth in a notice of redemption distributed by the trustee under the indenture governing the 2018 Notes on February 14, 2017.
Scientific Games used a portion of the net proceeds from its offering of $1.15 billion in aggregate principal amount of 7.000% senior secured notes due 2022, which closed on February 14, 2017, to redeem the 2018 Notes.
© 2017 Scientific Games Corporation. All Rights Reserved.
About Scientific Games
Scientific Games Corporation (NASDAQ:SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company's portfolio includes gaming machines, game content and systems; table games products and shufflers; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services.