Everi launches private offer – GuruFocus.com



LAS VEGAS, June 28, 2021 / PRNewswire / – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a leading provider of land-based and digital casino gaming content and products, financial technology and solutions loyalty program, today announced that it intends to offer, subject to market and other conditions, $ 400.0 million principal amount of the Senior Unsecured Notes due 2029 (the “Notes”) under a private placement. The Notes will be guaranteed on a senior unsecured basis by the Company and certain of the direct and indirect domestic subsidiaries of the Company.

The Company intends to use the proceeds from the Notes to fully repay its 7.50% Senior Unsecured Notes due 2025 and to pay related fees and expenses and, once the refinancing of the Credit Facility is completed. described below, to repay a portion of the outstanding borrowings under its existing credit facilities.

Following the closing of the Offer, the Company intends to enter into certain new credit facilities, the proceeds of which, together with cash on hand, are intended to be used to repay in full the outstanding borrowings remaining under its facilities. existing credit facilities (the “Credit Facility Refinancing”). Completion of the Note Offer is not conditional on completion of the refinancing of the Credit Facility.

The Bonds will be offered and sold only to qualified institutional buyers in accordance with Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-US persons in accordance with Regulation S of the Securities Act. The Notes and their collateral will not be registered under any securities law or state securities laws and may not be offered or sold in any way. United States the lack of 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 security and does not constitute an offer, a solicitation; or sale in any jurisdiction in which, or to any person to whom, such offer, solicitation or sale is illegal. Any offering of the Notes will be made only by means of a private offering memorandum. This press release is issued in accordance with Rule 135c of the Securities Act. This press release contains information on pending transactions, and there can be no assurance that such transactions will be completed.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements” as defined in the United States Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often relate to our expected future business and financial performance, and often contain words such as ” intention, “” “, or” will “and similar expressions to identify forward-looking statements.

The forward-looking statements contained in this press release are subject to additional risks and uncertainties, including those set forth under the sections “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our documents filed with the Securities and Exchange Commission (the “SEC”), including, but not limited to our annual report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports, and are based on information available to us as of 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 in this document 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 statement, except whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with our most recent reports on Forms 10-K and 10-Q, and the information included in our other documents filed with the SEC. It is important to understand the information contained in these filed documents in order to fully understand our published financial results and our business outlook for future periods.

About Everi

Everi’s mission is to be the industry leader in reinventing the gaming experience. By emphasizing player engagement and helping casino customers operate more efficiently, the Company is developing entertaining game content and gaming machines, gaming systems and services for land operators and iGaming. The Company is also the leading provider of trusted financial technology solutions that power the casino while improving operational efficiency and meeting regulatory compliance requirements, including products and services that facilitate cash and cashless financial transactions. practical and secure, self-service player loyalty tools and applications. , and regulatory and intelligence software.

Investor Relations Contacts:

Everi Holdings Inc.


William pfund

Richard Land, James Leahy

Senior Vice President, Investor Relations

212-835-8500 or [email protected]

702-676-9513 or [email protected]

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SOURCE Everi Holdings Inc.



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