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Published on 3/25/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

International Game announces redemption condition met for 6¼% notes

By Wendy Van Sickle

Columbus, Ohio, March 25 – International Game Technology plc said the redemption condition has been met related to its call of its 6¼% notes due 2022 (ISINs: USG4863AAB47, US460599AB91), according to a press release.

As reported on March 17, the company issued a conditional notice to fully redeem the notes on March 26.

The redemption was conditioned on the receipt of at least $750 million in gross proceeds from the sale of notes. International Game said its $750 million sale of 4 1/8% senior secured notes due 2026 has been completed.

The London-based company makes slot machines, gaming software and related technology.


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