- Category
- Announcements
- Date
- June 12, 2008
- Title
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Kramer Levin Handles Billion Dollar Financing for Scientific Games
Kramer Levin client Scientific Games Corporation (Nasdaq: SGMS) closed yesterday a deal in which its subsidiary, Scientific Games International, Inc., priced $200 million of its 7.875% Senior Subordinated Notes due 2016 in a bond offering to qualified institutional buyers in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. Scientific Games will 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. The entire credit transaction closed on June 9th.
Kramer Levin attorneys who managed the transaction were Thomas D. Balliett, Adam Busch, Carol Archer and Amanda Webber on the securities side; Howard Rothman, Maria Jones, and Barry Herzog on tax issues; and Kevin Moss on IP.
Related People
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Amanda Webber
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- Associate
- New York
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Barry Herzog
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- Partner
- Chair, Tax
- New York
- vcard
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Kevin M. Moss
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- Counsel
- New York
- vcard
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