by Stephen Carter
Sep 11, 2024 1:10 PM ET
IGT Lottery Holdings BV (IGT) EUR500m 144A/Reg S sr sec notes due 03/15/30 (5.5y). NC2 (09/15/26) (MWC T+50bp), then at 102.125, 101.0625, 100. Ba1/BB+/BBB- (stable/CreditWatch positive/positive). Via BNP/UniCredit (B&D) jt physical books/Banca Akros/Citi/CA/ING/Santander jt passive books. List Dublin. NY law. CoC at 101. Settles 09/18 (T+5). Reg S ISIN: XS2893175625. . IPT: 4.50% area. Price talk: 4.25%-4.375%.
Priced: 4.25% at 100. +234.3bp vs DBR 0% 02/15/30.
Small group investor calls 09/10-11. Books closed at 1:15pm UKT 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.