INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES REDEMPTION OF A SUBSIDIARY’S 5.35% NOTES DUE 2023 IN FULL

LONDON, Dec. 22, 2022 /PRNewswire/ — Worldwide Recreation Expertise PLC (NYSE:IGT) (“IGT“) in the present day introduced that Worldwide Recreation Expertise (a Nevada company and direct wholly owned subsidiary of IGT) (the “Subsidiary“) has exercised its choice to redeem in full its $60,567,000.00 5.35% Notes due 2023 (CUSIP No.: 459902 AT9 / ISIN US459902AT95) (the “Notes“) on January 23, 2023 (the “Redemption Date“) at a redemption value equal to the sum of the current values of the remaining scheduled funds of principal and curiosity (unique of curiosity accrued and unpaid from October 15, 2022 to, however excluding, the Redemption Date) on the Notes discounted to the Redemption Date on a semiannual foundation (assuming a 360-day yr consisting of twelve 30-day months), on the Treasury Fee plus 40 foundation factors.

On the Redemption Date, the redemption value, along with the relevant accrued curiosity, will turn out to be due and payable. Except the Subsidiary defaults in making cost of the relevant redemption value, curiosity, if any, on the Notes will stop to accrue on and after the Redemption Date.

The Paying Agent for the Notes is Computershare Belief Firm, N.A. The Notes have to be surrendered to the Paying Agent to gather the relevant redemption value and accrued curiosity. Give up of the Notes will be made within the following method:

This information launch doesn’t represent a discover of the redemption of the Notes. A discover of the redemption of the Notes might be despatched to all registered holders of the Notes on or concerning the date hereof.

About IGT

IGT (NYSE:IGT) is a world chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Lotteries and Gaming Machines to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern expertise, our options ship unequalled gaming experiences that have interaction gamers and drive development. We have now a well-established native presence and relationships with governments and regulators in additional than 100 nations world wide, and create worth by adhering to the best requirements of service, integrity, and accountability. IGT has roughly 10,500 workers. For extra data, please go to www.IGT.com.

Cautionary Assertion Concerning Ahead-Wanting Statements

This information launch could include forward-looking statements (together with throughout the that means of the Personal Securities Litigation Reform Act of 1995) regarding Worldwide Recreation Expertise PLC and its consolidated subsidiaries (the “Firm“) and different issues. These statements could focus on targets, intentions, and expectations as to future plans, traits, occasions, dividends, outcomes of operations, or monetary situation, or in any other case, primarily based on present beliefs of the administration of the Firm in addition to assumptions made by, and knowledge at the moment obtainable to, such administration. Ahead-looking statements could also be accompanied by phrases akin to “goal,” “anticipate,” “consider,” “plan,” “might,” “would,” “ought to,” “shall”, “proceed,” “estimate,” “anticipate,” “forecast,” “future,” “steerage,” “intend,” “could,” “will,” “attainable,” “potential,” “predict,” “mission” or the unfavorable or different variations of them. These forward-looking statements converse solely as of the date on which such statements are made and are topic to numerous dangers and uncertainties, lots of that are outdoors the Firm’s management. Ought to a number of of those dangers or uncertainties materialize, or ought to any of the underlying assumptions show incorrect, precise outcomes could differ materially from these predicted within the forward-looking statements and from previous outcomes, efficiency, or achievements. Due to this fact, you shouldn’t place undue reliance on such statements. Components that would trigger precise outcomes to vary materially from these within the forward-looking statements embrace (however will not be restricted to) the elements and dangers described within the Firm’s annual report on Type 20-F for the monetary yr ended December 31, 2021 and different paperwork filed on occasion with the SEC, which can be found on the SEC’s web site at www.sec.gov and on the investor relations part of the Firm’s web site at www.IGT.com. Besides as required below relevant legislation, the Firm doesn’t assume any obligation to replace these forward-looking statements. You must fastidiously contemplate these elements and different dangers and uncertainties that have an effect on the Firm’s enterprise. Nothing on this information launch is meant, or is to be construed, as a revenue forecast or to be interpreted to imply that the monetary efficiency of Worldwide Recreation Expertise PLC for the present or any future monetary years will essentially match or exceed the historic printed monetary efficiency of Worldwide Recreation Expertise PLC, as relevant. All forward-looking statements contained on this information launch are certified of their entirety by this cautionary assertion. All subsequent written or oral forward-looking statements attributable to Worldwide Recreation Expertise PLC, or individuals appearing on its behalf, are expressly certified of their entirety by this cautionary assertion.

Contacts

Phil O’Shaughnessy, World Communications, toll free in U.S./Canada +1 (844) IGT-7452; outdoors U.S./Canada +1 (401) 392-7452 
Francesco Luti, +39 06 5189 9184; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

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SOURCE Worldwide Recreation Expertise PLC