Scientific Games unit prices $225M notes offering

By Associated Press
May 18, 2009 | Comments (0)

Recs

0

Scientific Games Corp. said Monday that its subsidiary sold $225 million worth of 9.25 percent senior subordinated notes due 2019 in a private offering to institutional buyers.

The casino equipment maker said Scientific Games International Inc. plans to use proceeds to buy back some of its outstanding debt and for other general corporate purposes.

Shares rose $1.55, or 9.1 percent, to close at $18.56, and slipped 54 cents, or nearly 3 percent in aftermarket electronic trading.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 901939, ~/Articles/ArticleHandler.aspx, 11/9/2009 6:52:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

The Must-Read Story on Fool.com
Which Companies Can Buy It Like Buffett?

By The Motley Fool

Which Companies Can Buy It Like Buffett?

Related Tickers

11/6/2009 4:00 PM
SGMS $14.98 Down -0.11 -0.73%
Scientific Games C… CAPS Rating: *****

Community: Investing Wiki

Term Of The Hour

Conforming loan: A Conforming loan is a mortgage backed by Fannie Mae or Freddie Mac which is at or under a dollar limit set by the Office of Federal Housing Enterprise Oversight to ensure that lower-income people have access to such loans. The limit is the maximum amount Fannie or Freddie can back.

Want to learn more or edit this definition?
Click here to read more!