NEW YORK, July 9 /PRNewswire-FirstCall/ -- In December 2004, Scientific
Games Corporation (Nasdaq: SGMS) issued $275 Million aggregate Principal
amount of 0.75% convertible senior subordinated debentures due 2024 (the
"Convertible Debentures"). The Convertible Debentures are convertible into
cash and shares of the Company's Class A common stock at a conversion price
of $29.10 per share. Please see the Company's Form 10-K disclosure for
additional details.
Holders of the Convertible Debentures may convert their Convertible
Debentures upon the occurrence of certain events, including during any
quarter if the market price of the common stock is equal to or greater than
$34.92 (which is 120% of the conversion price) for at least 20 trading days
during the last 30 consecutive trading days of the immediately preceding
calendar quarter; this even known as a "market price event". Convertibility
resulting from market price events is determined on a quarterly basis.
A market price event occurred for the first time during the calendar
quarter ending June 30, 2007; therefore the Convertible Debentures may be
converted into cash and shares of the Company's Class A common stock during
the calendar quarter beginning July 1, 2007 and ending September 30, 2007.
Those holders wishing to convert their Convertible Debentures should
deliver their requests to the Trustee, Wells Fargo National Association,
Attn: Corporate Trust Department, 213 Court Street, Suite 703, Middletown
CT 06457, in accordance with the procedures detailed in the Indenture dated
December 23, 2004 governing the Convertible Debentures.
Future public notices resulting from market price events will be made
through the Company's website at http://www.scientificgames.com under the
Investors section.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of
instant tickets, systems and services to lotteries worldwide, a leading
supplier of fixed odds betting terminals and systems, Amusement and Skill
with Prize betting terminals, interactive sports betting terminals and
systems and wagering systems and services to pari-mutuel operators. It is
also a licensed pari-mutuel gaming operator in Connecticut, Maine and the
Netherlands and is a leading supplier of prepaid phone cards to telephone
companies. Scientific Games' customers are in the United States and more
than 60 other countries. For more information about Scientific Games,
please visit our web site at http://www.scientificgames.com.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
SOURCE Scientific Games Corporation
 back to top
Related links:
http://www.scientificgames.com
http://www.prnewswire.com/comp/117695.html /
CONTACT:
Scientific Games Corporation, Investor
Relations, +1-212-754-2233
|
