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Scientific Games shares fall over Bally financing concerns

28th October 2014 7:12 am GMT

Shares in US lottery and gaming technology supplier Scientific Games fell sharply Monday following reports that a number of banks had put off syndicating a $3.19bn bridge loan that finance the company’s $5.1bn purchase of Bally Technologies.

According to reports yesterday, JP Morgan Chase, Bank of America and Deutsche Bank had been unable to generate enough interest from investors in marketing $3.19bn in bonds to finance the bridge loan, leaving the banks, as lenders, holding the [...]

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