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Scientific Games Corp Completes Acquisition Of WMS


Friday, 18 Oct 2013 09:30am EDT 

Scientific Games Corporation announced that it has completed the acquisition of WMS Industries Inc., combining businesses offering lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services. WMS was acquired for approximately $1.5 billion in cash. In connection with the merger, Scientific Games entered into a new $2.6 billion credit facility, consisting of a $2.3 billion term loan facility and a $300 million revolving credit facility that was undrawn at closing. The term loan facility was used, in part, to finance the acquisition, to pay off existing indebtedness and to pay fees and expenses relating to the merger and related financing. 

Company Quote

9.73
0.51 +5.53%
11:21am EDT