International Game Technology PLC Announces Successful Listing of $ 750,000,000 Senior Secured Notes Due 2026 and Redemption Notice of All of its 6.250% Notes Due 2022

LONDON, March 16, 2021 / PRNewswire / – International Game Technology PLC (NYSE: IGT) (“IGT“) today announced the successful pricing of $ 750,000,000 4.125% Senior Secured Notes due 2026 (the “Remarks“).

A request has been made for the Notes to be listed on the official Euronext Dublin list and admitted to trading on the Euronext Dublin global foreign exchange market.

Settlement for the Notes is subject to customary market and closing conditions and is expected to occur on March 25, 2021.

IGT intends to use the net proceeds from the sale of the Notes and the proceeds from uses under IGT’s senior revolving credit facilities to repay its 6.250% Senior Secured Notes due 2022 (Settlement S ISIN / CUSIP USG4863AAB47 / G4863A AB4 and rule 144A ISIN / CUSIP US460599AB91 / 460599 AB9) (the “6.250% bonds due 2022“) on March 26, 2022 in full at the optional redemption price (the”Redemption“). The Redemption is subject to receipt by IGT of at least $ 750,000,000 gross proceeds from ticket sales. A conditional Redemption notice will be sent to all registered holders of the 6.250% Notes due 2022.

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 United States without registration under the Securities Act or under an applicable exemption from such registration.

Tickets are offered and sold only (i) in United States to institutional buyers qualified in accordance with Rule 144A of the Securities Act and (ii) outside United States non-US persons in accordance with Regulation S of the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security, and there will be no sale of any security in any jurisdiction in which such an offer, solicitation or sale would be. illegal before registration or qualification under the securities laws of that jurisdiction.

Neither the content of IGT nor any site accessible by hypertext links on IGT website is integrated or forms part of this press release.

The distribution of this press release in certain jurisdictions may be restricted by law. Persons in possession of this press release should inform themselves of and observe these restrictions. Any breach of these restrictions may constitute a violation of the securities laws of such jurisdiction.

In the Member States of the European Economic Area and the UK, this press release (and any offer of the securities referred to in this document if made subsequently) is addressed only to persons who are “qualified investors” within the meaning of the Prospectus Regulation (EU) 2017/1129 (including insofar as it is part of UK under the European Union (Withdrawal) Act 2018.

Disclosure of this press release and any other document or material relating to it is not made, and such documents or materials have not been approved, by a person authorized for the purposes of section 21 of the Act. on Financial Services and Markets 2000, as amended (the FSMA“). Consequently, these documents or materials are not distributed and should not be transmitted to the general public in the UK. The communication of such documents or material is exempt from the restriction on financial promotions under Article 21 of the FSMA on the grounds that it is addressed only and can be communicated to (i) persons who have professional experience in investment matters, being investment professionals as defined in section 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial promotion decree“); (ii) persons who fall under Article 43 (2) of the Financial Promotion Ordinance; or (iii) any other person to whom such documents or materials may be lawfully delivered under the Ordinance Any investment or investment activity to which this press release relates is available only to, or will be undertaken only, with such persons and other persons should not be relied upon.

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 www.IGT.com.

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 International Game Technology PLC 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” , “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 forward-looking statements include (but are 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 www.sec.gov and in the Investor Relations section of the Company’s website at www.IGT.com. 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 to persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contacts

Phil O’Shaughnessy, Global Communications, toll-free number in the United States /Canada +1 (844) IGT-7452; outside the United States /Canada, +1 (401) 392-7452
Francesco luti, +39 3485475493; for Italian media inquiries
James hurley, Investor Relations, +1 (401) 392-7190

SOURCE International Game Technology PLC

Related links

http://www.igt.com


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