LAS VEGAS, Nov. 14, 2017 (GLOBE NEWSWIRE) -- 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
