International Game Technology PLC Announces Successful Pricing of €500,000,000 Senior Secured Notes
LONDON, Sept. 9, 2019 /PRNewswire/ -- International Game Technology PLC (IGT) ("IGT") today announced the successful pricing of €500,000,000 2.375% senior secured notes due 2028 (the "Notes").
Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Settlement of the Notes is subject to customary market and closing conditions and is expected to occur on September 16, 2019.
IGT intends to use the net proceeds from the sale of the Notes to repay in full utilizations under its senior revolving credit facilities and for general corporate purposes which may include the scheduled €320,000,000 amortization payment due under its senior term loan facility on January 25, 2020.
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 United Stateswithout registration under the Securities Act or pursuant to an applicable exemption from such registration.
The Notes are being offered and sold only (i) in the United States to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
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.
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