Scientific Games Announces Extension of Exchange Offer for $300 Million of
6.250% Senior Subordinated Notes Due 2020
NEW YORK, Jan. 30, 2013
NEW YORK, Jan. 30, 2013 /PRNewswire/ --Scientific Games Corporation (Nasdaq:
SGMS) (the "Company") announced today that its wholly owned subsidiary,
Scientific Games International, Inc., has extended the expiration date of its
offer to exchange up to $300,000,000 principal amount of its 6.250% Senior
Subordinated Notes due 2020 (the "new notes") which have been registered with
the United States Securities and Exchange Commission under the Securities Act
of 1933 for all of its outstanding unregistered 6.250% Senior Subordinated
Notes due 2020 (the "old notes"). As a result of the extension, the exchange
offer is now scheduled to expire at 5:00 p.m., New York City time, on February
5, 2013, unless further extended.
The exchange offer was originally set to expire at 5:00 p.m., New York City
time, on January 29, 2013. As of January 29, 2013, notes representing
approximately $298,500,000 in aggregate principal amount, or 99.5%, of the old
notes had been validly tendered and not withdrawn. Except for the extension
of the expiration date, all of the other terms of the exchange offer remain as
set forth in the exchange offer prospectus, dated December 28, 2012.
This press release is not an offer to exchange the new notes for the old notes
or the solicitation of an offer to exchange, which we are making only through
the exchange offer prospectus.
For more information, please contact the Exchange Agent, The Bank of Nova
Scotia Trust Company, at:
The Bank of Nova Scotia Trust Company
Attn: Pat Keane
One Liberty Plaza
New York, New York 10006
Tel.: (212) 225-5427
About Scientific Games
Scientific Games Corporation is a global leader in providing customized,
end-to-end gaming solutions to lottery and gaming organizations worldwide.
Scientific Games' integrated array of products and services includes instant
lottery games, lottery gaming systems, terminals and services, and internet
applications, as well as server-based interactive gaming terminals and
associated gaming control systems.
Cindi Buckwalter, Investor Relations
In this press release the Company makes "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements describe future expectations, plans, results or
strategies and can often be identified by the use of terminology such as
"may," "will," "estimate," "intend," "continue," "believe," "expect,"
"anticipate," "could," "potential," "opportunity," or similar terminology.
These statements are based upon management's current expectations, assumptions
and estimates and are not guarantees of future results or performance. Actual
results may differ materially from those contemplated in these statements due
to a variety of risks and uncertainties and other factors, including, among
other things: competition; material adverse changes in economic and industry
conditions; technological change; retention and renewal of existing contracts
and entry into new or revised contracts; availability and adequacy of cash
flows to satisfy obligations and indebtedness or future needs; protection of
intellectual property; security and integrity of software and systems; laws
and government regulation, including those relating to gaming licenses,
permits and operations; inability to identify, complete and integrate future
acquisitions; inability to benefit from, and risks associated with, strategic
equity investments and relationships; failure of Northstar to meet the net
income targets or otherwise realize the anticipated benefits under its private
management agreement with the Illinois Lottery; seasonality; inability to
identify and capitalize on trends and changes in the lottery and gaming
industries, including the potential expansion of regulated gaming via the
internet; inability to enhance and develop successful gaming concepts;
dependence on suppliers and manufacturers; liability for product defects;
fluctuations in foreign currency exchange rates and other factors associated
with international operations; influence of certain stockholders; dependence
on key personnel; failure to perform on contracts; resolution of pending or
future litigation; labor matters; and stock price volatility. Additional
information regarding risks and uncertainties and other factors that could
cause actual results to differ materially from those contemplated in
forward-looking statements is included from time to time in the Company's
filings with the Securities and Exchange Commission, including under the
heading "Risk Factors" in our periodic reports. Forward-looking statements
speak only as of the date they are made and, except for the Company's ongoing
obligations under the U.S. federal securities laws, the Company undertakes no
obligation to publicly update any forward-looking statements whether as a
result of new information, future events or otherwise.
SOURCE Scientific Games Corporation
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