Brief: Brookfield To Acquire The Lottery Business Of Scientific Games Corporation

Brookfield Business Partners LP

28/10/2021 24:46

Oct 27 (Reuters) - Brookfield Business Partners Lp
 BBU_u.TO :
    * BROOKFIELD TO ACQUIRE THE LOTTERY BUSINESS OF SCIENTIFIC
GAMES
CORPORATION
    * BROOKFIELD'S INVESTMENT WILL BE FUNDED WITH APPROXIMATELY
$2.6
BILLION OF EQUITY
    * BROOKFIELD - INTENDS TO FUND ABOUT 30% OF EQUITY ON
CLOSING FROM
EXISTING LIQUIDITY ON-HAND AND CAPITAL WHICH WILL BE RAISED FROM
INTERNAL INITIATIVES
    * BALANCE OF EQUITY INVESTMENT IS EXPECTED TO BE FUNDED BY
INSTITUTIONAL PARTNERS
    * BROOKFIELD BUSINESS - ALSO RECENTLY INCREASED AVAILABILITY
ON
ITS CREDIT FACILITIES BY $500 MILLION TO MAINTAIN A STRONG
CORPORATE LIQUIDITY POSITION
    * FINANCING WILL BE LED BY A SYNDICATE OF BANKS INCLUDING
BARCLAYS, DEUTSCHE BANK SECURITIES, BNP PARIBAS
    * BROOKFIELD BUSINESS - PRIOR TO OR FOLLOWING CLOSING, A
PORTION
OF BROOKFIELD BUSINESS' COMMITMENT MAY BE SYNDICATED TO OTHER
INSTITUTIONAL INVESTORS
    * CLEARY GOTTLIEB STEEN & HAMILTON LLP IS ACTING AS LEGAL
ADVISOR
TO BROOKFIELD

Source text for Eikon:  ID:nGNX9pfFPL 
Further company coverage:  BBU_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))