Private equity company Brookfield Business Partners LP, which has agreed to acquire the global lottery business, technology and assets of Scientific Games Corp. for $5.8 billion, is set to be aided in the transaction through a $3.5 billion debt sale being conducted by Barclays PLC and Deutsche Bank AG.
According to a report by Bloomberg, the financing will be in the form of $2.5 billion in leveraged loans, with the reminder via junk bonds. A source told Bloomberg the debt offering could be launched as soon as late January.
Brookfield is contributing around $2.6 billion of equity to the deal, which is expected to close in the second quarter of 2022.
