International Game Technology PLC Announces Successful Amendment and Extension of Term Loan Facility

LONDON, July 26, 2021 / PRNewswire / – International Game Technology PLC (NYSE: IGT) (“IGT“) announced today that it has entered into an amendment and extension agreement relating to its term loan facility (the”Amendment and extension agreement“).

“We are pleased to announce the successful refinancing of our term loan facility agreement,” said Max Chiara, Chief Financial Officer of IGT. “This transaction is another step in a plan to improve our credit profile, generate additional liquidity and extend debt maturities. It will extend the weighted average maturity of our debt instruments to approximately five years. Based on current debt balances and interest rates, we expect this transaction and the debt transactions concluded earlier this year to result in approximately $ 65 million in the future, a decrease in annualized interest charges. We also added an adjustment to the environmental, social and governance (ESG) margins, underlining IGT’s commitment to sustainable development. “

The Amendment and Extension Agreement, inter alia: (i) increases the total amount of term credit facilities from € 860,000,000 to € 1,000,000,000, (ii) extends the maturity date of the facilities term credit at January 25, 2027, (iii) reduces the applicable interest rate by 35 basis points based on current debt ratings, (iv) provides for a maximum decrease or increase of 7.5 basis points further in the margin based on of ESG factors, (v) requires € 200,000,000 in annual amortization payments in 2024, 2025 and 2026, the remaining balance of € 400,000,000 being due at maturity, and (vi) maintains and extends the thresholds of existing financial covenants.

The foregoing description of the Amendment and Extension Agreement is qualified in its entirety by reference to the full text of the Amendment and Extension Agreement, which is attached as an attachment to IGT’s current report on Form 6-K provided to the Securities and Exchange Commission on July 26, 2021.

Bank of America Europe Designated Activity Company and Mediobanca – Banca di Credito Finanziario SpA acted as IGT Global Coordinators and Sustainability Coordinators, while Mediobanca acted as Agent.

About IGT

IGT (NYSE: IGT) is the world’s leading gaming company. We provide fun and responsible gaming experiences for players across all regulated channels and segments, from gaming machines and lotteries to sports and digital betting. Leveraging a wealth of compelling content, substantial investments in innovation, player knowledge, operational expertise and cutting-edge technology, our solutions deliver unparalleled gaming experiences that engage gamers and drive growth. . We have a well-established local presence and relationships with governments and regulators in over 100 countries around the world, and create value by adhering to the highest standards of service, integrity and accountability. IGT has approximately 11,000 employees. For more information, please visit

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) regarding IGT and its consolidated subsidiaries (the “Society“) and other matters. These statements may discuss objectives, intentions and expectations regarding plans, trends, future events, dividends, results of operations or financial condition, or otherwise, based on the current beliefs of the management of the Company as well as the assumptions made by such management and the information currently available to them. Forward-looking statements may be accompanied by words such as “aim”, “anticipate”, “believe”, “plan” , “Could”, “could”, “should”, “must”, “continue”, “estimate”, “expect”, “foresee”, “future”, “orient”, “intend to “,” May “,” will “,” possible “,” potential, “” predict “,” project “or their negative or other variations. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the company.If one or more of these risks or uncertainties materialize, or if the any of the underlying assumptions prove to be incorrect, actual results may differ materially from those predicted in forward-looking statements and from past results, performance or achievements. Therefore, you should not place undue reliance on these statements. Factors that could cause actual results to differ materially from those of forward-looking statements include (but not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the year. ended December 31, 2020 and other documents filed from time to time with the SEC, which are available on the SEC’s website at and in the Investor Relations section of the Company’s website at Except as required by applicable law, the Company assumes no obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Phil O’Shaughnessy, Global Communications, toll-free number in the United States /Canada +1 (844) IGT-7452 and outside the US /Canada +1 (401) 392-7452
Francesco luti, Italian media inquiries, +39 34 85475493
James hurley, Investor Relations, +1 (401) 392-7190

SOURCE International Game Technology PLC

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