Global Cash Access Announces Pricing of Follow-On Offering of Common Stock
LAS VEGAS, May 26, 2006 (BUSINESS WIRE) -- Global Cash Access Holdings, Inc. (NYSE: GCA) today announced the public offering of 10.4 million shares of its common stock at a price of $15.75 per share by certain selling stockholders. GCA will not receive any proceeds from the sale of shares by the selling stockholders in the offering. Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to 1.56 million additional shares to cover over-allotments, if any. The offering is being made through an underwriting syndicate led by J.P. Morgan Securities Inc. acting as sole book-running manager, with Bear, Stearns & Co. Inc., Cowen and Company, LLC, Deutsche Bank Securities, Banc of America Securities LLC, Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC acting as co-managers. When available, written copies of the final prospectus relating to the offering may be obtained by contacting: JPMorgan A registration statement relating to these securities has been 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 Holdings, Inc. Las Vegas-based Global Cash Access Holdings, Inc. (NYSE: GCA) is the parent of Global Cash Access, Inc., a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean. GCA's products and services provide gaming establishment patrons access to cash through a variety of methods, including ATM cash withdrawals, POS debit card transactions, credit card cash advances, check verification and warranty services and Western Union money transfers. GCA provides products and services that improve credit decision-making, automate cashier operations and enhance patron marketing activities for gaming establishments. 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. More information is available at GCA's Web site at www.globalcashaccess.com. SOURCE: Global Cash Access Holdings, Inc. Global Cash Access Holdings Inc.,
National Statement Processing
Prospectus Library
4 Chase Metrotech Center
CS Level
Brooklyn, NY 11245
Tel: 718-242-8002
Fax: 718-242-1350
Las Vegas
Harry C. Hagerty,
702-262-5003
hhagerty@gcamail.com
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