Scientific Games Corporation announced Tuesday that they will be offering $1.1 billion in private notes to mature in 2026. The offering will close on March 19, 2019.
The sale of the 2026 notes will cover a series of unsecured notes set to mature in 2022 worth approximately $1 billion.
Deutsche Bank analysts said they believe the new sale will save Scientific Games an estimated $9 million. Deutsche Bank also expects Scientific Games to be able to reduce the amount of their current debt.
At the end of 2018, Scientific Games had just over $9 billion in debt, and they ran a loss of $353 million in 2018, an increased loss of $110 million from the previous year.
Despite the losses and decision to announce a sale of private…
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