Scientific Games has the option of selling an additional 3.3 million shares in the social division unit, which could raise an additional US$53 million.
SciPlay said it expects to post a profit between US$13 million and US$15 million for the first quarter compared with a loss of US$1.1 million in the same period last year, according to preliminary numbers published this Monday.
Scientific Games will use some of the money to pay down debt, which stood at about US$9 billion as of December 31st.
The company is forecast to generate about US$1.3 billion in operating cash flow this year, giving it a leverage ratio of more than 6 times, one of the highest in the industry.
Source: GMB / Review Journal
