LONDON, Dec. 22,
2022 /PRNewswire/ -- International Game Technology
PLC (NYSE:IGT) ("IGT") today announced that International
Game Technology (a Nevada corporation
and direct wholly owned subsidiary of IGT) (the
"Subsidiary") has exercised its option to redeem in full its
$60,567,000.00 5.35% Notes due 2023
(CUSIP No.: 459902 AT9 / ISIN US459902AT95) (the
"Notes") on January 23, 2023 (the "Redemption
Date") at a redemption price equal to the sum of the present
values of the remaining scheduled payments of principal and
interest (exclusive of interest accrued and unpaid from
October 15, 2022 to, but excluding, the Redemption Date) on
the Notes discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months), at
the Treasury Rate plus 40 basis points.
![IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. 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 approximately 10,500 employees. For more information, please visit www.igt.com. IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. 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 approximately 10,500 employees. For more information, please visit www.igt.com.](https://mma.prnewswire.com/media/453980/IGT_Logo.jpg)
On the Redemption Date, the 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 Notes will cease to
accrue on and after the Redemption Date.
The Paying Agent for the Notes is Computershare Trust Company,
N.A. The Notes must be surrendered to the Paying Agent to collect
the applicable redemption price and accrued interest. Surrender of
the Notes can be made in the following manner:
Registered &
Certified Mail:
|
Regular Mail or
Courier:
|
In Person by Hand
Only:
|
Computershare Trust
Company, N.A.
|
Computershare Trust
Company, N.A.
|
Computershare Trust
Company, 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:
|
|
|
(877) 407
4679
|
|
|
Telephone:
|
|
|
(800)
344-5128
|
|
This news release does not constitute a notice of the redemption
of the Notes. A notice of the redemption of the Notes will be sent
to all registered holders of the Notes on or about the date
hereof.
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver
entertaining and responsible gaming experiences for players across
all channels and regulated segments, from Lotteries and Gaming
Machines to Sports Betting and Digital. Leveraging a wealth of
compelling content, substantial investment in innovation, player
insights, operational expertise, and leading-edge technology, our
solutions deliver unrivaled gaming experiences that engage players
and drive growth. 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 approximately 10,500 employees. For more information, please
visit www.IGT.com.
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, 2021 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 the financial performance of International
Game Technology PLC for the current or any future financial years
will necessarily match or exceed the historical published financial
performance of International Game Technology PLC, 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 their entirety by this
cautionary statement.
Contacts
Phil O'Shaughnessy, Global
Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside
U.S./Canada +1 (401)
392-7452
Francesco Luti, +39 06 5189 9184;
for Italian media inquiries
James Hurley, Investor Relations, +1
(401) 392-7190
View original content to download
multimedia:https://www.prnewswire.com/news-releases/international-game-technology-plc-announces-redemption-of-a-subsidiarys-5-35-notes-due-2023-in-full-301709151.html
SOURCE International Game Technology PLC