By Cristal Cody
Tupelo, Miss., Sept. 9 – International Game Technology plc priced €500 million of 2 3/8% senior secured notes due 2028 (Ba2/BB+), according to a news release on Monday.
The deal is Rule 144A- and Regulation S-eligible.
Proceeds will be used to repay in full utilizations under the company’s senior revolving credit facilities and for general corporate purposes.
Las Vegas-based International Game Technology is a gaming company that provides slot machines and other gaming machines.
| Issuer: | International Game Technology plc
|
| Amount: | €500 million
|
| Description: | Senior secured notes
|
| Maturity: | 2028
|
| Coupon: | 2 3/8%
|
| Trade date: | Sept. 9
|
| Settlement date: | Sept. 16
|
| Ratings: | Moody’s: Ba2
|
| S&P: BB+
|
| Distribution: | Rule 144A and Regulation S
|
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