LONDON, June 21, 2018 /PRNewswire/ -- International
Game Technology PLC (NYSE:IGT) ("IGT") today announced the
successful pricing of €500 million 3.500% senior secured notes due
2024 (the "Notes"). The proceeds of the Notes will be
used to pay the principal and premium in respect of certain senior
secured notes of IGT under a tender offer previously announced by
IGT and to pay certain fees and expenses in connection with such
tender offer and the offering of 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 conditions and
is expected on June 27, 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 United States without 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 announcement.
The distribution of this announcement 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
United Kingdom. The communication
of such documents or materials is exempt from the restriction on
financial promotions under Section 21 of the FSMA on the basis
that it is only directed at and may be communicated to (i) persons
who have professional experience in matters relating to
investments, being investment professionals as defined in
Article 19 of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Financial Promotion
Order"); (ii) persons who fall within Article 43(2) of the
Financial Promotion Order; or (iii) any other persons to whom these
documents or materials may lawfully be made under the Financial
Promotion Order. Any investment or investment activity to which
this news release relates is available only to such persons or will
be engaged only with such persons and other persons should not rely
on it.
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 International Game Technology PLC
and its consolidated subsidiaries (the "Company") and other
matters. These statements may discuss goals, intentions, and
expectations as to future plans, trends, events, dividends, results
of operations, or financial condition, or otherwise, based on
current beliefs of the management of the Company as well as
assumptions made by, and information currently available to, such
management. Forward-looking statements may be accompanied by words
such as "aim," "anticipate," "believe," "plan," "could," "would,"
"should," "shall," "continue," "estimate," "expect," "forecast,"
"future," "guidance," "intend," "may," "will," "possible,"
"potential," "predict," "project" or the negative or other
variations of them. 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's control. Should one or more of these risks or
uncertainties materialize, or should any of the underlying
assumptions prove incorrect, actual results may differ materially
from those predicted in the forward-looking statements and from
past results, performance, or achievements. Therefore, you should
not place undue reliance on such statements. Factors that could
cause actual results to differ materially from those in the
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 financial year ended December
31, 2017 and other documents filed from time to time with
the SEC, which are available on the SEC's website at www.sec.gov
and on the investor relations section of the Company's website at
www.IGT.com. Except as required under applicable law, the Company
does not assume any obligation to update these forward-looking
statements. You should carefully consider these factors and other
risks and uncertainties that affect the Company's business. Nothing
in this news release is intended, or is to be construed, as a
profit forecast or to be interpreted to mean that financial
performance of the Company for the current or any future financial
years will necessarily match or exceed the historical published
financial performance of the Company, as applicable. All
forward-looking statements contained in this news 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 its entirety by this cautionary
statement.
Contacts
Robert K. Vincent, Corporate
Communications, toll free in U.S./Canada (844) IGT-7452 and outside
U.S./Canada +1 (401) 392-7452;
James Hurley, Investor Relations, +1
(401) 392-7190; and
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries.
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SOURCE International Game Technology PLC