May 26, 2018 2:43 AM ET

Hotels, Restaurants and Leisure

Company Overview of Everi Payments Inc.

Company Overview

Everi Payments Inc. provides products and services related to gaming establishments. It offers Casino Cash Plus 3-in-1 ATMs, which are cash-dispensing machines that enable automated teller machine (ATM) cash withdrawals, point of sale (POS) debit card cash access transactions, and credit card cash access transactions; check verification and warranty services, which allow gaming establishments to manage and reduce risk on patron checks that they cash; and CashClub that provides gaming establishments with a single dashboard interface that streamlines credit and debit card cash access transaction processing and check warranty transactions. The company also offers kiosks that provide cash access...

7250 South Tenaya Way

Suite 100

Las Vegas, NV 89113

United States

Phone:

800-833-7110

Key Executives for Everi Payments Inc.

Everi Payments Inc. does not have any Key Executives recorded.

Everi Payments Inc. Key Developments

Everi Payments Inc. Announces Closing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025

Everi Holdings Inc. (“Everi” or the “Company”) announced the closing of the previously announced private offering (the “Offering”) by its wholly-owned subsidiary, Everi Payments Inc. (“Everi Payments”) of $375.0 million in aggregate principal amount of 7.50% senior unsecured notes due 2025 (the “Notes”). The Notes were issued under an indenture (the “Indenture”) entered into on December 5, 2017 by and among Everi Payments, the Company and certain of the company’s direct and indirect domestic subsidiaries, as guarantors (the “Guarantors”) and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”). The Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Guarantors. Everi Payments intends to use the proceeds from the Offering, together with cash on hand, to redeem in full its existing $350.0 million of 10.00% Senior Unsecured Notes due 2022 (the “2022 Notes”) in accordance with their terms and pay related fees and expenses. On December 5, 2017, Everi Payments issued an unconditional notice of redemption with respect to the 2022 Notes, which redemption will be consummated on January 15, 2018. The Notes were offered and sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes and the guarantees thereof have not been and will not be registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

Everi Payments Inc. Announces Pricing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025

Everi Holdings Inc. (company) announced the pricing of the previously announced private offering by its wholly-owned subsidiary, Everi Payments Inc. (Everi Payments), of $375.0 million in aggregate principal amount of its 7.50% senior unsecured notes due 2025 (the Notes). Everi anticipates that the offering will close on December 5, 2017, subject to the satisfaction of customary closing conditions. Everi Payments intends to use the proceeds from the Notes offering, together with cash on hand, to redeem in full its existing $350.0 million of 10.00% Senior Unsecured Notes due 2022 in accordance with their terms and pay related fees and expenses. The Notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes and the guarantees thereof will not be registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

Everi Payments Inc. Launches Private Offering of $375.0 Million Senior Unsecured Notes Due 2025

Everi Payments Inc. launched private offering of $375.0 million in aggregate principal amount of senior unsecured notes due 2025. The Notes will be guaranteed on a senior unsecured basis by Everi Holdings and certain of Everi Holdings direct and indirect domestic subsidiaries. Everi Payments intends to use the net proceeds from the Notes offering, together with cash on hand, to redeem in full its existing $350.0 million of 10.00% Senior Unsecured Notes due 2022 in accordance with their terms and pay related fees and expenses. The Notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended and to non-U.S. Persons in accordance with Regulation under the Securities Act. The Notes and the guarantees thereof will not be registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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