UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 6, 2020
Everi Holdings Inc.
(Exact name of registrant as specified in its charter)
| Delaware | | 001-32622 | | 20-0723270 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
7250 S. Tenaya Way, Suite 100 Las Vegas, Nevada | | 89113 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (800) 833-7110
N/A
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which
registered |
| Common Stock, $0.001 par value | EVRI | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events
As previously disclosed, on December 5, 2019, Everi Payments Inc. (“Everi Payments”) issued a conditional notice of redemption with respect to $84.5 million in aggregate principal amount of its outstanding 7.50% Senior Unsecured Notes (the “2025 Notes). The redemption was conditioned upon (x) the issuance by Everi Holdings of common stock in a registered equity offering which closed on December 10, 2019 and (y) the execution of a supplemental indenture amending previously described terms of Everi Holdings’ credit facility which was executed on December 13, 2019.
On January 6, 2020, Everi Payments completed the partial redemption with respect to $84.5 million in aggregate principal amount of the 2025 Notes. The total outstanding balance of the 2025 Notes is now approximately $290.5 million.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | January 6, 2020 | | By: | /s/ Todd A. Valli |
| | | Todd A. Valli,
Senior Vice President, Corporate Finance and
Chief Accounting Officer |
