LONDON, March 16, 2021 /PRNewswire/ — Worldwide Recreation Expertise PLC (NYSE:IGT) (“IGT“) right this moment introduced the profitable pricing of $750,000,000 4.125% Senior Secured Notes due 2026 (the “Notes“).
Software has been made for the Notes to be listed on the Official Checklist of Euronext Dublin and admitted to buying and selling on the International Trade Market of Euronext Dublin.
Settlement of the Notes is topic to customary market and shutting situations and is predicted to happen on March 25, 2021.
IGT intends to make use of the online proceeds of the sale of the Notes and proceeds of utilizations beneath IGT’s senior revolving credit score amenities to redeem its 6.250% Senior Secured Notes due 2022 (Regulation S ISIN/CUSIP USG4863AAB47/G4863A AB4 and Rule 144A ISIN/CUSIP US460599AB91/460599 AB9) (the “6.250% Notes Due 2022“) on March 26, 2022 in full on the non-obligatory redemption value therefor (the “Redemption“). The Redemption is conditioned on IGT’s receipt of at the very least $750,000,000 in gross proceeds from the sale of the Notes. A conditional discover of the Redemption will probably be despatched to all registered holders of the 6.250% Notes Due 2022.
The Notes haven’t been, and won’t be, registered beneath the Securities Act of 1933, as amended (the “Securities Act“), and might not be supplied or offered in the USA with out registration beneath the Securities Act or pursuant to an relevant exemption from such registration.
The Notes are being supplied and offered solely (i) in the USA to certified institutional patrons in accordance with Rule 144A beneath the Securities Act and (ii) outdoors the USA to non-U.S. individuals in accordance with Regulation S beneath the Securities Act.
This information launch doesn’t represent a suggestion to promote, or a solicitation of a suggestion to purchase, any safety, nor shall there be any sale of any safety in any jurisdiction by which such supply, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of such jurisdiction.
Neither the content material of IGT’s web site nor any web site accessible by hyperlinks on IGT’s web site is integrated in, or varieties a part of, this information launch.
The distribution of this information launch into sure jurisdictions could also be restricted by regulation. Individuals into whose possession this information launch comes ought to inform themselves about and observe any such restrictions. Any failure to adjust to these restrictions could represent a violation of the securities legal guidelines of any such jurisdiction.
In member states of the European Financial Space and the United Kingdom, this information launch (and any supply of the securities referred to herein if made subsequently) is barely addressed to and directed at individuals who’re “certified traders” inside the that means of Prospectus Regulation (EU) 2017/1129 (together with because it varieties a part of United Kingdom regulation by advantage of the European Union (Withdrawal) Act 2018).
The communication of this information launch and every other paperwork or supplies relating thereto will not be being made, and such paperwork or supplies haven’t been accredited, by a certified individual for the needs of Part 21 of the Monetary Companies and Markets Act 2000, as amended (the “FSMA“). Accordingly, such paperwork or supplies are usually not being distributed to, and should not be handed on to, most people within the United Kingdom. The communication of such paperwork or supplies is exempt from the restriction on monetary promotions beneath Part 21 of the FSMA on the idea that it’s only directed at and could also be communicated to (i) individuals who’ve skilled expertise in issues referring to investments, being funding professionals as outlined in Article 19 of the Monetary Companies and Markets Act 2000 (Monetary Promotion) Order 2005 (the “Monetary Promotion Order“); (ii) individuals who fall inside Article 43(2) of the Monetary Promotion Order; or (iii) every other individuals to whom these paperwork or supplies could lawfully be made beneath the Monetary Promotion Order. Any funding or funding exercise to which this information launch relates is on the market solely to such individuals or will probably be engaged solely with such individuals and different individuals shouldn’t depend on it.
IGT (NYSE:IGT) is the worldwide chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Gaming Machines and Lotteries to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern know-how, our options ship unrivalled gaming experiences that have interaction gamers and drive progress. We now have a well-established native presence and relationships with governments and regulators in additional than 100 nations world wide, and create worth by adhering to the best requirements of service, integrity, and duty. IGT has roughly 11,000 staff. For extra data, please go to www.IGT.com.
Cautionary Assertion Relating to Ahead-Trying Statements
This information launch could include forward-looking statements (together with inside the that means of the Non-public Securities Litigation Reform Act of 1995) regarding Worldwide Recreation Expertise PLC and its consolidated subsidiaries (the “Firm“) and different issues. These statements could focus on objectives, intentions, and expectations as to future plans, tendencies, occasions, dividends, outcomes of operations, or monetary situation, or in any other case, based mostly on present beliefs of the administration of the Firm in addition to assumptions made by, and knowledge at present obtainable to, such administration. Ahead-looking statements could also be accompanied by phrases similar to “goal,” “anticipate,” “imagine,” “plan,” “may,” “would,” “ought to,” “shall”, “proceed,” “estimate,” “count on,” “forecast,” “future,” “steerage,” “intend,” “could,” “will,” “potential,” “potential,” “predict,” “venture” or the detrimental or different variations of them. These forward-looking statements communicate solely as of the date on which such statements are made and are topic to varied dangers and uncertainties, lots of that are outdoors the Firm’s management. Ought to a number of of those dangers or uncertainties materialize, or ought to any of the underlying assumptions show incorrect, precise outcomes could differ materially from these predicted within the forward-looking statements and from previous outcomes, efficiency, or achievements. Due to this fact, you shouldn’t place undue reliance on such statements. Elements that might trigger precise outcomes to vary materially from these within the forward-looking statements embrace (however are usually not restricted to) the elements and dangers described within the Firm’s annual report on Type 20-F for the monetary yr ended December 31, 2020 and different paperwork filed now and again with the SEC, which can be found on the SEC’s web site at www.sec.gov and on the investor relations part of the Firm’s web site at www.IGT.com. Besides as required beneath relevant regulation, the Firm doesn’t assume any obligation to replace these forward-looking statements. It’s best to fastidiously take into account these elements and different dangers and uncertainties that have an effect on the Firm’s enterprise. All forward-looking statements contained on this information launch are certified of their entirety by this cautionary assertion. All subsequent written or oral forward-looking statements attributable to Worldwide Recreation Expertise PLC, or individuals performing on its behalf, are expressly certified of their entirety by this cautionary assertion.
Phil O’Shaughnessy, International Communications, toll free in U.S./Canada +1 (844) IGT-7452; outdoors U.S./Canada, +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190
SOURCE Worldwide Recreation Expertise PLC