Kramer Levin Advises Scientific Games in Billion Dollar Refinancing

New York, June 12, 2008 — LAWFUEL – Legal Announcements – Kramer Levin client Scientific Games Corporation (Nasdaq: SGMS) closed yesterday a deal in which its subsidiary, Scientific Games International, Inc., priced $200 million of its 7.875% Senior Subordinated Notes due 2016 in a bond offering to qualified institutional buyers in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. Scientific Games will use the net proceeds from the offering, together with the net proceeds of a new $250 million senior secured revolving credit facility and a new $550 million senior secured term loan credit facility, to repay all outstanding borrowings under its existing senior credit facilities and for general corporate purposes. The entire credit transaction closed on June 9th.

Kramer Levin attorneys who managed the transaction were Thomas D. Balliett, Robert Wollin, Adam Busch, Carol Archer and Amanda Webber on the securities side; Howard Rothman, Maria Jones, Barry Herzog and Melissa Blades on tax issues; Kevin Moss and Ashley Roberts on IP; and J. Eric Wise, Theodore C. Sica, Alyssa R. Katz and Laetitia Vellut on the bank side.

Kramer Levin Naftalis & Frankel LLP, with approximately 370 attorneys, is a full-service law firm with offices in New York and Paris. The firm represents clients worldwide, from the Global 1000 to entrepreneurial start-up concerns and individuals. Additional information about the firm is available on the firm’s website:

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