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Scientific Games Completes Offering

Scientific Games Completes Offering

Scientific Games Corporation announced that its wholly owned subsidiary, Scientific Games International, Inc., intends, subject to market and other conditions, to commence an add-on offering of US$1.15 billion of 7 percent senior secured notes due 2022 in a private offering.

The new notes will be issued under the same indenture pursuant to which SGI previously issued $950 million of its 7 percent senior secured notes due 2022.

The new and existing notes will be treated as a single series of debt securities for all purposes under the indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase, will have terms identical to the existing notes, other than issue date and offering price.

Scientific Games intends to use the net proceeds of the new notes offering to prepay a portion of its term loans under its credit agreement, redeem or repurchase all of its outstanding senior subordinated notes due 2018 and pay accrued and unpaid interest thereon plus any related premiums, fees and costs, repay a portion of its revolving credit facility, pay related fees and expenses of the new notes offering and for general corporate purposes.

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