Scientific Games issues convertibility notice

10 Jul 2007

NEW YORK -- (PRESS RELEASE) -- 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.

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Scientific Games issues convertibility notice 10 Jul 2007 NEW YORK -- (PRESS RELEASE) -- 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.