Everi Launches Private Offering of $375.0 Million Senior Unsecured Notes Due 2025
November 14 2017 - 7:30AM
Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”)
announced today that its wholly-owned subsidiary, Everi Payments
Inc. (“Everi Payments”), intends to offer, subject to market and
other conditions, $375.0 million in aggregate principal amount of
senior unsecured notes due 2025 (the “Notes”) in a private
offering. The Notes will be guaranteed on a senior unsecured basis
by Everi Holdings and certain of Everi Holdings’ direct and
indirect domestic subsidiaries. Everi Payments intends to use the
net proceeds from the Notes offering, together with cash on hand,
to redeem in full its existing $350.0 million of 10.00% Senior
Unsecured Notes due 2022 in accordance with their terms and pay
related fees and expenses.
The Notes will be offered and sold only to
qualified institutional buyers in accordance with Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”), and
to non-U.S. persons in accordance with Regulation S under the
Securities Act. The Notes and the guarantees thereof will not be
registered under the Securities Act or state securities laws and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of
the Securities Act and applicable state securities laws.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy the Notes or any
other securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which, or to any person to whom, such
an offer, solicitation or sale is unlawful. Any offers of the Notes
will be made only by means of a private offering memorandum. This
press release is being issued pursuant to and in accordance with
Rule 135c under the Securities Act. This press release
contains information about pending transactions, and there can be
no assurance that these transactions will be completed.
Cautionary Note Regarding
Forward-Looking Statements This press release
contains “forward-looking statements” as defined in the U.S.
Private Securities Litigation Reform Act of 1995. In this context,
forward-looking statements often address our expected future
business and financial performance, and often contain words such as
“goal,” “target,” “future,” “estimate,” “expect,” “anticipate,”
“intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” or
“will” and similar expressions to identify forward-looking
statements.
The forward-looking statements in this press
release are subject to additional risks and uncertainties,
including those set forth under the heading “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in our filings with the Securities and
Exchange Commission (the “SEC”), including, without limitation, our
Annual Report on Form 10-K for the fiscal year ended December
31, 2016 filed with the SEC on March 14, 2017 and subsequent
periodic reports, and are based on information available to us on
the date hereof.
These cautionary statements qualify our
forward-looking statements and you are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking
statement contained herein speaks only as of the date on which it
is made, and we do not intend, and assume no obligation, to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
About Everi
Everi is dedicated to providing video and mechanical reel gaming
content and technology solutions, integrated gaming payments
solutions and compliance and efficiency software to casino
operators. Everi Games provides: (a) comprehensive content,
electronic gaming units and systems for Native American and
commercial casinos, including both Wide-Area Progressive systems
and the award winning TournEvent® slot tournament solution; and (b)
the central determinant system for the video lottery terminals
installed in the State of New York. Everi Payments provides: (a)
access to cash at gaming facilities via Automated Teller Machine
cash withdrawals, credit card cash access transactions, point of
sale debit card transactions, and check verification and warranty
services; (b) fully integrated gaming industry kiosks that provide
cash access and related services; (c) products and services that
improve credit decision making, automate cashier operations and
enhance patron marketing activities for gaming establishments; (d)
compliance, audit and data solutions; and (e) online payment
processing solutions for gaming operators in states that offer
intrastate, Internet-based gaming and lottery activities.
Contacts
Investor Relations Richard Land, James Leahy JCIR 212-835-8500 or
evri@jcir.com
Everi (NYSE:EVRI)
Historical Stock Chart
From Apr 2024 to May 2024
Everi (NYSE:EVRI)
Historical Stock Chart
From May 2023 to May 2024