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International Game Technology PLC Announces Successful Upsizing And Pricing Of $750,000,000 Senior Secured Notes And Plan For Redemption Of International Game Technology's 7.50% Notes Due 2019 In Full And International Game Technology's 5.50% Notes Due 2020 In Part
Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the
Settlement of the Notes is subject to customary market and closing conditions and is expected on September 26, 2018.
As previously disclosed, IGT intends to use the net proceeds of the sale of the Notes, together with proceeds of a utilization under its senior syndicated revolving credit facilities, to redeem (the "Redemption") its
IGT plans to use the excess net proceeds to enable
(1) to redeem in full the Subsidiary's
(2) to redeem
On the Subsidiary Redemption Date, each redemption price, together with the applicable accrued interest, will become due and payable. Unless the Subsidiary defaults in making payment of the applicable redemption price, interest, if any, on the 7.50% Notes due 2019 and the 5.50% Notes due 2020 will cease to accrue on and after the Subsidiary Redemption Date.
The Paying Agent for the 7.50% Notes due 2019 and the 5.50% Notes due 2020 is
Registered & Certified Mail: |
Regular Mail or Courier: |
In Person by Hand Only: |
Wells Fargo Bank, N.A. |
Wells Fargo Bank, N.A. |
Wells Fargo Bank, N.A. |
Corporate Trust Operations |
Corporate Trust Operations |
Corporate Trust Services |
MAC N9300-070 |
MAC N9300-070 |
MAC N9300-070 |
600 South Fourth Street |
600 South Fourth Street |
600 South Fourth Street |
Minneapolis, MN 55402 |
Minneapolis, MN 55402 |
Minneapolis, MN 55402 |
By Facsimile Transmission: |
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(612) 667-6282 |
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Telephone: |
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(800) 344-5128 |
This news release does not constitute a notice of the redemption of the 7.50% Notes due 2019 or a notice of the partial redemption of the 5.50% Notes due 2020. A notice of the redemption of the 7.50% Notes due 2019 will be sent to all registered holders of the 7.50% Notes due 2019 on or before September 21, 2018 and a notice of the partial redemption of the 5.50% Notes due 2020 will be sent to all registered holders of the 5.50% Notes due 2020 on or before September 21, 2018.
The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in
The Notes are being offered and sold only (i) in
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither the content of IGT's website nor any website accessible by hyperlinks on IGT's website is incorporated in, or forms part of, this news release.
The distribution of this news release into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In any European Economic Area Member State, this news release is only addressed to and is only directed at qualified investors in that Member State within the meaning of Directive 2010/73/EU, together with any applicable implementing measures in any Member State.
The communication of this news release and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the
About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning
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