Connect with us

Latest News

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES CAPPED TENDER OFFER WITH RESPECT TO ITS 6.500% SENIOR SECURED NOTES DUE 2025 AND 3.500% SENIOR SECURED NOTES DUE 2024


Visit Wazdan at ICE London at the N7-420 stand

Published

on

INTERNATIONAL GAME TECHNOLOGY PLC ANNOUNCES CAPPED TENDER OFFER WITH RESPECT TO ITS 6.500% SENIOR SECURED NOTES DUE 2025 AND 3.500% SENIOR SECURED NOTES DUE 2024
Reading Time: 5 minutes

 

International Game Technology PLC, announces the launch of an offer to purchase for cash (the “Tender Offer“) up to US$500,000,000 aggregate principal amount (the “Maximum Acceptance Amount“) of its outstanding US$1,100,000,000 6.500% Senior Secured Notes due 2025 (the “Dollar Notes“) and its outstanding €500,000,000 3.500% Senior Secured Notes due 2024 (the “Euro Notes“, and together with the Dollar Notes, the “Notes“), subject to the Acceptance Priority Levels set forth in the table below (with one (1) being the higher Acceptance Priority Level and two (2) being the lower Acceptance Priority Level) and the Dollar Offer Sub Cap (as defined below). The Tender Offer is made upon the terms and subject to the conditions set forth in the Offer to Purchase dated September 2, 2022 (the “Offer to Purchase“).

The Tender Offer will expire at 11:59 P.M. (New York City time) on September 30, 2022 (unless the Tender Offer is extended or terminated) (such time and date, as the same may be extended, the “Expiration Time“).

To receive the Total Dollar Consideration (as defined below), which includes an early tender premium of US$30.00 per US$1,000.00 principal amount of the Dollar Notes accepted for purchase pursuant to the Tender Offer (the “Early Dollar Tender Premium“) or the Total Euro Consideration (as defined below), which includes an early tender premium of €30.00 per €1,000.00 principal amount of the Euro Notes accepted for purchase pursuant to the Tender Offer (the “Early Euro Tender Premium“), Holders must validly tender and not validly withdraw their Notes prior to 5:00 P.M. (New York City time) on September 16, 2022 (unless the Tender Offer is extended or terminated) (such date and time, as the same may be extended, the “Early Tender Time“). Holders who tender their Notes may withdraw such Notes at any time prior to 5:00 P.M. (New York City time) on September 16, 2022.

Holders who validly tender their Dollar Notes or their Euro Notes after the Early Tender Time but at or prior to the Expiration Time will be eligible to receive only the Dollar Tender Offer Consideration (which is an amount equal to the difference between the Total Dollar Consideration and the Early Dollar Tender Premium) or the Euro Tender Offer Consideration (which is an amount equal to the difference between the Total Euro Consideration and the Early Euro Tender Premium), respectively.

The following table sets forth certain terms of the Tender Offer:

Title of Security

ISIN/

Common Code or CUSIP

Aggregate Principal Amount Outstanding

Acceptance Priority Level(1)

Maximum Acceptance Amount

Offer Sub Cap(1)

Tender Offer Consideration

Early Tender Premium

Total Consideration(2)

6.500% Senior Secured Notes due 2025

Rule 144A:

US460599AC74/

460599 AC7

Regulation S:

USG4863AAC20 /

G4863A AC2

US$1,100,000,000

One (1)

US$500,000,000

US$350,000,000 (the “Dollar Offer Sub Cap“)

US$985.00(3)(4)

(the “Dollar Tender Offer Consideration“)

US$30.00(5)

US$1,015.00(4)

(the “Total Dollar Consideration“)

3.500% Senior Secured Notes due 2024

Rule 144A:

XS1844998192/

184499819

Regulation S:

XS1844997970/

184499797

€500,000,000

Two (2)

Not applicable

€976.25(6)(7)

the “Euro Tender Offer Consideration“)

€30.00(8)

€1,006.25(7)

(the “Total Euro Consideration“)

_____________________

(1)

Subject to the Maximum Acceptance Amount and modified proration, the principal amount of Notes that is purchased pursuant to the Tender Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order) specified in this column; provided that IGT will not accept for purchase Dollar Notes in an aggregate principal amount that is greater than the Dollar Offer Sub Cap.

(2)

The applicable Total Consideration equals the sum of the applicable Tender Offer Consideration and the applicable Early Tender Premium.

(3)

For each US$1,000.00 principal amount of the Dollar Notes tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase.

(4)

Does not include accrued interest, which will also be paid in addition to the Dollar Tender Offer Consideration or the Total Dollar Consideration (as applicable).

(5)

For each US$1,000.00 principal amount of the Dollar Notes tendered at or prior to the Early Tender Time and accepted for purchase.

(6)

For each €1,000.00 principal amount of the Euro Notes tendered after the Early Tender Time and at or prior to the Expiration Time and accepted for purchase.

(7)

Does not include accrued interest, which will also be paid in addition to the Euro Tender Offer Consideration (or the Total Euro Consideration (as applicable).

(8)

For each €1,000.00 principal amount of the Euro Notes tendered at or prior to the Early Tender Time and accepted for purchase.

In addition to the Dollar Tender Offer Consideration, the Total Dollar Consideration, the Euro Tender Offer Consideration or the Total Euro Consideration (as applicable), all Holders of Notes accepted for purchase will also receive accrued and unpaid interest on such Notes, rounded to the nearest US$0.01 per US$1,000.00 principal amount of the Dollar Notes and €0.01 per €1,000.00 principal amount of the Euro Notes from the last interest payment date up to, but not including, the Early Settlement Date (as defined below) or the Final Settlement Date (as defined below) (as applicable).

Notes of one or both series may be subject to modified proration if the aggregate principal amount of Notes validly tendered and not validly withdrawn (with the aggregate principal amount of the Euro Notes converted to US dollars using the Exchange Rate) as of the Early Tender Time or the Expiration Time (as applicable) would cause the Maximum Acceptance Amount to be exceeded or the aggregate principal amount of the Dollar Notes validly tendered and not validly withdrawn as of the Early Tender Time or the Expiration Time (as applicable) would cause the Dollar Offer Sub Cap to be exceeded. Furthermore, regardless of the Acceptance Priority Level, Notes tendered at or prior to the Early Tender Time will be accepted for purchase in priority to Notes tendered after the Early Tender Time, and to the extent Notes are tendered at or prior to the Early Tender Time and accepted for purchase pursuant to the Tender Offer, the portion of the Maximum Acceptance Amount (which shall be applied subject to the Acceptance Priority Levels) and the Dollar Offer Sub Cap available for the purchase of Notes tendered after the Early Tender Time will be reduced or may be eliminated completely.

The Tender Offer is conditioned upon, among other things, IGT, in its sole and absolute discretion, being satisfied that it has received, or will receive, by the Early Settlement Date an amount of net proceeds of the sale of the shares of LIS Holdings S.p.A. by an indirect subsidiary of IGT to PostePay S.p.A. which would be sufficient to finance the payment by IGT of the sum of (1) the sum of the Total Dollar Consideration and the Dollar Tender Offer Consideration with respect to all Dollar Notes validly tendered and accepted for purchase pursuant to the Offer to Purchase and (2) the sum of the Total Euro Consideration and the Euro Tender Offer Consideration with respect to all Euro Notes validly tendered and accepted for purchase pursuant to the Offer to Purchase.

It is expected that payment for Notes validly tendered at or prior to the Early Tender Time will be made promptly following the Early Tender Time, on September 20, 2022 (the “Early Settlement Date“), and payment for Notes validly tendered after the Early Tender Time but at or prior to the Expiration Time will be made on October 4, 2022 (the “Final Settlement Date“).

Subject to applicable law and the terms and conditions of the Offer to Purchase, IGT may change the Acceptance Priority Levels and increase or decrease either or both of the Maximum Acceptance Amount and the Dollar Offer Sub Cap without extending the Early Tender Time or the Expiration Time or otherwise providing withdrawal rights. IGT may also terminate the Tender Offer, waive any or all of the conditions of the Tender Offer prior to the Expiration Time, extend the Expiration Time or amend the terms of the Tender Offer.

IGT has retained D.F. King & Co. to act as Tender and Information Agent for the Tender Offer. Questions regarding procedures for tendering Notes may be directed to D.F. King & Co.

Latest News

nanocosmos is kicking off its 25th anniversary at ICE London 2023 to present refined features for real-time streaming at booth N9-322

Published

on

nanocosmos at ICE London, Feb 7-9, N9-322 - kicking off its 25th anniversary, celebrating 25 years of innovation
Reading Time: 2 minutes

 

The well-established and awarded provider for B2B interactive live streaming starts this year’s dedicated celebration of the company’s 25 years of innovation at ICE London.

Since nanocosmos joined ICE for the first time in 2018, the unique live video streaming platform nanoStream Cloud has raised the bar for live games and live bets being available anywhere at any given time on any device. Right from the beginning, the global gaming industry responded with fantastic feedback in regard to the ultra-low latency live streaming platform that delivers interactive content anywhere in the world on any device – even on mobile platforms, including iOS. The solution has matured and grown into a full featured end-to-end platform with a global network with hundreds of hosts for 24/7/365 operations. This includes unique live video streaming technology and additional tools for analytics and security. Clients from the iGaming and betting space particularly value the fact that the solution combines 100% stability with global access and allows platform operators to deliver interactive games with maximum quality of service and quality of experience for business applications around the world.

CEO and founder Oliver Lietz says: “In the midst of a rapidly changing industry, we noticed that next to the strong demand for games and betting to be available on any device anywhere in the world at ultra-low latency, it is incredibly important for our clients that they can rely on the stability of our platform. 25 years in the audio/video industry is a lot considering how we started in the video broadcast industry with software innovations from the ground off. I am proud that we can dedicate this year to celebrate sustainable innovation and partnerships, which have been our core values from the beginning.”

At booth N9-322, the nanocosmos team will showcase their product – nanoStream Cloud – with new features that highlight ease of use and refine the focus on Quality of Service and Quality of Experience.

 

New technical features to boost iGaming, betting and live casino include expanded global footprint, security, ease of use and the SRT launch

The smart spectrum of nanoStream Cloud delivers games in real-time, provides adaptive, data driven streaming for improved Quality of Service and Quality of Experience and relies on a strong Content Delivery Network, which has been significantly expanded over the last 12 months and which now further improves scalability to South America.

A series of new features make it easier and faster for stream administrators to manage and secure their streams: nanocosmos will launch nanoStream Guardian at ICE, which extends nanoStream Cloud’s security features to protect streams from misuse. Based on IP and referrer blocking, users can create blocklists for their organization and easily control which pages and users are allowed to play their streamed games.

In addition, new API routes are now available within Analytics: This allows customers to better observe their streams and to optimize the performance of their delivered content. Clients can now detect issues early during the ingestion of content, e.g., by receiving information about data not coming through or dropping bitrates. By contributing to a “healthy streaming workflow” right from the beginning, clients can optimize the quality of experience for their customers based on adaptive bitrate streaming on any device and network. Another highlight is the official launch of the SRT and Whip streaming protocols for improving live stream quality in bad network situations and from distant locations.

At ICE booth N9-322, the nanocosmos team plans to run special events and activities to celebrate 25 years of innovation.

 

Continue Reading

Latest News

MGA Games presents Circus Mystery, the first slot game on the market featuring mini-games with hidden objects

Published

on

Reading Time: < 1 minute

 

Jokers, cannons, and top hats welcome players to Circus Mystery, the new casino slot game from MGA Games. A game that invites you to explore the mystery behind its circus reels.

With great themed music, the slot game’s protagonist acts as the master of ceremonies and leads the players to the big circus stage. With its 5-reels, in the main game, artists, acrobats, and clowns present the most wonderful show in the world.

In addition, the slot game incorporates an outstanding innovation with its ‘hidden objects’ mini-games, which makes it the first slot game on the market with this new option. When a player gets 3 or more bonus symbols in the main game, they can access the Circus Mystery mini-games. There are 3 in total, the circus tent, the office full of mysterious objects, and the secret room of chests. Players are encouraged to play the different mini-games and find a hidden key. In two of them, players must locate the hidden objects, either manually or by allowing the game to do so automatically by clicking on the ‘play’ button.

Circus Mystery is a technologically perfect product, designed with MGA Games’ Triple View technology, that allows you to play from any device without waiting, thanks to sequential loading. MGA Games remain true to its philosophy of continually improving and offering better effects, graphics, and animations, as seen in this slot game. The moving birds, balloons, spotlights on the reels, and confetti celebrations all deliver the authentic magic of the circus.

Circus Mystery is a low-volatility game with 25 prize lines available in multiple languages. It will be available to international operators as of January 30th, 2023.

Continue Reading

Latest News

Red Tiger’s Blood Suckers™ Megaways™ Allows Players to Hunt Down Creatures of the Night in Epic Revamp

Published

on

Red Tiger’s Blood Suckers™ Megaways™ Allows Players to Hunt Down Creatures of the Night in Epic Revamp
Reading Time: < 1 minute

 

Red Tiger has launched Blood Suckers™ Megaways™, a chilling revamp of the renowned NetEnt classic enhanced by the industry-changing MegawaysTM mechanics. This macabre game, where players are advised to hang tight onto their wooden stakes as they slay the vampires, comes in addition to great Red Tiger remakes of further successful heritage NetEnt titles, such as Gonzo’s Quest™ Megaways™ and Piggy Riches™ Megaways™.

Creatures of the dark manifest onto the blood-soaked reels as the game’s noir ambience tests the player’s nerves. Sliding the top of the randomly appearing coffins aside, players must drive a wooden stake through the sleeping vampire’s hearts for valuable rewards.

Random and Super Wilds will either summon symbols to complement Megaways™ matches or evoke random Ways Multipliers onto the reels, respectively. If at least 3 Scatters club together on the reels, they will take the player to Free Spins—the more Scatters, the more coffins the lucky players can open at the beginning of the Bonus Round. Unveiling the rewards in the coffins by killing the undead monsters, players can enter the moldy mausoleum for Free Spins, where they may be empowered by random Wilds, Super Wilds, Bonus Spins, and Wins Multipliers for potentially greater wins.

Gionata La Torre, Chief Executive Officer Europe at Evolution, said: “The sinister creatures of the classic NetEnt title make a second appearance in this epic revamp, spiced up with exciting new features. The team has done a fantastic job bringing together the best signature elements from our versatile brand portfolio to create a game that will thrill and entertain new and returning players alike. Better keep the garlic and holy water close – it’s time to go vampire hunting in Blood Suckers™ Megaways™!”

Continue Reading
Advertisement
EvoPlay
Advertisement Visit Wazdan at ICE London at the N7-420 stand
Advertisement

Trending

Get it on Google Play

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +110,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2022 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.