Scientific Games announces proposed private offering

NEW YORK -- (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) today announced that its subsidiary, Scientific Games International, Inc., intends, subject to market and other conditions, to offer $200 million aggregate original principal amount of senior subordinated notes in a private offering to qualified institutional buyers in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. It is expected that the notes will pay cash interest through maturity of the notes. The notes are not proposed to be convertible into common stock at any time.

Scientific Games intends to use the net proceeds from the offering, together with the net proceeds of a new $250 million senior secured revolving credit facility and a new $550 million senior secured term loan credit facility, to repay all outstanding borrowings under its existing senior credit facilities and for general corporate purposes.