International Game Technology Announces Pricing of $500 Million Aggregate Principal Amount of Senior Notes

LAS VEGAS, Sept. 13, 2013 /PRNewswire/ -- International Game Technology (NYSE: IGT) today announced the pricing of $500 million aggregate principal amount of senior unsecured notes due 2023 at 5.350%.

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The Company intends to use the net proceeds from the offering of the notes to redeem a portion of its 3.25% convertible notes due 2014 at maturity on or about May 1, 2014, and for general corporate purposes.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. are acting as joint book-running managers of the debt offering. 

The debt offering is being made under an automatic shelf registration statement filed with the Securities and Exchange on March 29, 2012.  Any offers of the notes will be made exclusively by means of a prospectus supplement and a related prospectus.

Copies of the prospectus supplement and related prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, if by telephone, by calling (866) 718-1649; Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Group, if by telephone, by calling (800) 503-4611 or if by email, at [email protected]; or Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, if by telephone, by calling (866) 471-2526, or if by email, at [email protected].

This announcement is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities, nor will there be any sale of the notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted. 

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These statements include our intention to offer the notes and the expected use of proceeds of the sale of such notes. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from the results predicted, and reported results should not be considered an indication of future performance. Among the factors that could cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, but are not limited to: economic factors such as changes in interest rates, political instability, or currency exchange rate fluctuations; and regulatory factors such as unfavorable changes in governmental regulations. A further list and description of these and other risks, uncertainties and other matters can be found in our annual report and other reports filed with the Securities and Exchange Commission, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for fiscal 2012 filed with the SEC on November 28, 2012 and our Quarterly Report on Form 10-Q for our fiscal quarter ended June 29, 2013 filed with the SEC on August 2, 2013 and available on the SEC website at www.sec.gov and on the investor relations section of our website at www.IGT.com/investors. All information provided in this release is as of September 12, 2013, and IGT does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances.

The Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. You may obtain these documents for free by visiting the SEC website at www.sec.gov.

About IGT

International Game Technology (NYSE: IGT) is a global leader in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for markets around the world. More information about IGT is available at IGT.com.

SOURCE International Game Technology

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