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International Game Technology begins capped tender offer for 6¼% notes due 2022
Chicago, June 8 – International Game Technology plc launched a tender offer for up to $300 million principal amount of its outstanding $1.5 billion 6¼% senior secured notes due 2022 (ISINs: USG4863AAB47, US460599AB91), according to a press release.
Noteholders who validly tender and do not withdraw their notes by the early tender time are eligible to receive the full consideration of $1,050 per $1,000 principal amount of notes plus interest.
The early tender consideration is $30.
The early tender time is 5 p.m. ET on June 19.
The offer will expire at 11:59 p.m. ET on July 6.
Early settlement is expected for June 23, and final settlement is planned for July 8.
The offer is subject to a financing condition of a new note offering.
D.F. King & Co. is working as the tender and information agent (212 269-5550, 800 207-3158, igt@dfking.com).
Joint lead dealer managers are Barclays (800 438-3242, 212 528-7581, us.lm@barclays.com) and Merrill Lynch International (London: +44 20 7996 5420, U.S.: 888 292-0070, collect: 980 388-3646, DG.LM-EMEA@bofa.com).
International Game Technology is a gaming company based in Las Vegas. Gtech, formerly known as Lottomatica Group SpA, was based in Rome.
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