Global Cash Access Holdings Prices Initial Public Offering of Common Stock
Las Vegas, NV - September 22, 2005. Global Cash Access Holdings, Inc., the corporate parent of Global Cash Access, Inc., announced today the initial public offering of 16,064,157 shares of its common stock, 9,000,000 of which are being sold by Global Cash Access Holdings, Inc. and 7,064,157 of which are being sold by certain selling stockholders of Global Cash Access Holdings, Inc., at a price of $14.00 per share. Global Cash Access Holdings, Inc. and the selling stockholders have also granted the underwriters a 30-day option to purchase up to 2,409,624 additional shares to cover over-allotments, if any. Of the over-allotment shares, 1,143,962 shares are being made available by the Company.
The offering is being made through an underwriting syndicate led by Goldman, Sachs & Co. and J.P. Morgan Securities Inc. as the joint book-running managers of the offering with Banc of America Securities LLC; Bear, Stearns & Co. Inc.; Citigroup Global Markets Inc.; Deutsche Bank Securities Inc.; SG Cowen & Co., LLC; and Wachovia Capital Markets, LLC acting as co-managers.
When available, interested persons may obtain copies of the final prospectus relating to the offering from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department, 212-902-1171, or J.P. Morgan Securities, Inc., One Chase Manhattan Plaza, New York, NY 10081, Attention: Prospectus Department, 212-552-5164.
A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Global Cash Access
Las Vegas-based Global Cash Access, Inc. (GCA), is a leading provider of cash access products and related services to approximately 960 gaming properties and other clients in the United States, the United Kingdom, Canada and the Caribbean. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. For more information, please visit the company's Web site at www.globalcashaccess.com.
MEDIA CONTACT
Kristi Gooden
Katcher Vaughn & Bailey
(615) 248-8202
kgooden@kvbpr.com
INVESTOR CONTACT
Harry C. Hagerty
Chief Financial Officer
702-262-5003
hhagerty@gcamail.com
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