by Stephen Carter
Sep 11, 2024 5:52 AM ET
IGT Lottery Holdings BV (IGT) EUR500m 144A/Reg S sr sec notes due 03/15/30 (5.5y). NC2 (MWC T+50bp) (50%,25%,par) (6mo par call). Ba1/BB+/(expect BBB-) (stable/CreditWatch positive/positive). Via BNP/UniCredit (B&D) jt physical books/Banca Akros/Citi/CA/ING/Santander/Gruppo Banco BPM jt passive books. List Dublin. NY law. CoC at 101. Settles T+5 (09/18).
IPT: 4.50% area.
Small group investor calls 09/10-11. Pricing 09/11. UOP: redeem Intl Game Technology PLC's US$500m 6.50% sr sec notes due 02/15/25 (callable at 100), and GCP. Biz: a global leader in the supply of global lottery solutions. It is a wholly-owned sub of International Game Technology PLC. HQ: London, UK. Note Intl Game Technology is in the process of separating and selling its Gaming and Digital biz to Apollo for $4.05bn. Upon closing IGT willl change its name and ticker symbbol, becoming a pur play lottery business. Completion of the sale, pending regulatory, shareholder and other approvals, is expected in Q3 2025. Dealroadshow entry coder: BREAKER0824.