International Game Technology PLC (IGT) announced that it has exercised its right to redeem in full its €500,000,000 3.500 percent Senior Secured Notes due July 15, 2024 on November 7, 2023 for a redemption price of 100 percent of the principal amount and a make-whole premium consistent with the terms of the indenture governing the Notes, together with accrued and unpaid interest. €112,041,000 of the Notes are outstanding.
The redemption is conditioned on IGT’s receipt of sufficient proceeds under its senior revolving credit facilities to complete such redemption.
On the Redemption Date, the redemption price, together with the applicable accrued interest, will become due and payable. Unless IGT defaults in making payment of the applicable redemption price, interest, if any, on the Notes being redeemed will cease to accrue on and after the Redemption Date.
The Paying Agent for the Notes is The Bank of New York Mellon, London Branch. The Notes must be surrendered to the applicable Paying Agent to collect the applicable redemption price and accrued and unpaid interest.