Daily News: October 22, 2013

BofA Agents $2.6B Credit Facility for Scientific Games Acquisition


Scientific Games completed acquisition of WMS Industries and entered into a new $2.6 billion credit facility, consisting of a $2.3 billion term loan facility and a $300 million revolver. Bank of America served as administrative agent, collateral agent, issuing lender and swingline lender.

In addition: JPMorgan Chase Bank acted as issuing lender; Bank of America, Credit Suisse Securities and UBS Securities acted as joint lead arrangers; Bank of America, Credit Suisse Securities, UBS Securities, J.P. Morgan Securities, RBS Securities, Deutsche Bank Securities, Goldman Sachs Bank and HSBC Securities acted as joint bookrunners; Credit Suisse Securities and UBS Securities acted as co-syndication agents; and J.P. Morgan Securities, The Royal Bank of Scotland plc, Deutsche Bank Securities, Goldman Sachs Bank and HSBC Securities acted as co-documentation agents.

The term loan facility was used in part to finance the merger to pay off existing, debt and fees and expenses related to the merger and associated financings.

The term loan matures on October 18, 2020, and the revolver matures on October 18, 2018.

Scientific Games is a developer of global lottery and gaming products.