International Game approved to amend reporting for two note series

New York, April 28 – International Game Technology plc said wholly owned subsidiary International Game Technology received the needed consents to amend the reporting covenants of its $300 million of 5½% notes due 2020 and $500 million of 5.35% notes due 2023.

Holders of a majority of each series approved the changes, according to a news release.

The company had been seeking to amend the reporting covenants to permit it to furnish the required information with respect to International Game Technology plc instead of with respect to the subsidiary as long as International Game Technology plc guarantees the notes.

The consent fee is $2.50 per $1,000 of notes for which consents were delivered by 5 p.m. ET on April 23.

International Game announced the solicitation on April 10. It also announced a change-of-control tender offer for the two series of notes, as required under the note indentures as a result of a change of control that occurred when Gtech SpA and the issuer completed their merger.

Under the tender offer, the company will pay $1,010 for each $1,000 principal amount of notes.

The company will also pay accrued interest to but excluding the settlement date.

The offers will end at 5 p.m. ET on May 8, with settlement on May 13.

Tendered notes may be withdrawn by the end of the offer.

Wells Fargo, NA is the depositary and tabulation agent. D.F. King & Co., Inc. (800 884-5882, 212 269-5550 or igt@dfking.com) is the information agent.

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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