International Game Technology PLC Announces Early Results And Increase Of Its Capped Tender Offer With Respect To Its 6.250% Senior Secured Notes Due 2022 And Completion Of Sale Of $750,00...
International Game Technology Ordinary Shares (IGT)
Last international game technology ordinary shares earnings: 3/3 06:45 am
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Source: PR Newswire
LONDON, June 22, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT"), announces the results to date with respect to its capped offer to purchase for cash (the "Tender Offer") its 6.250% Senior Secured Notes due 2022 (the "Notes"). The terms and conditions of the Tender Offer are set forth in the offer to purchase dated June 8, 2020 (the "Offer to Purchase").In addition, on June 19, 2020, IGT completed the sale of its $750,000,000 5.25% Senior Secured Notes due 2029 (the "New Notes"). IGT expects to use a portion of the net proceeds from the sale of the New Notes to fund the Tender Offer. The completion of the sale of the New Notes satisfied the Financing Condition (as defined in the Offer to Purchase).As a result, IGT has exercised its discretion to increase the Maximum Tender Amount (as defined in the Offer to Purchase). As of 5:00 p.m., New York City time, on June 19, 2020 (the "Early Tender Time"), IGT has accepted for purchase $499,999,000 principal amount of
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