International Game Technology Announces Final Results and Settlement of Offers to Purchase with respect to $800 Million Notes Due 2020 and 2023

LONDON, May 11, 2015 /PRNewswire/ -- International Game Technology PLC IGT ("IGT") and its wholly-owned subsidiary, International Game Technology, a Nevada corporation (the "Issuer"), announced the expiration of the Issuer's offers (the "Offers") to purchase for cash $800 million aggregate principal amount of the two series of Notes described in the table below (the "Notes") as of 5:00 p.m., New York City time, on May 8, 2015 (the "Expiration Date"). The Issuer made the Offers on April 9, 2015 to satisfy the requirements of the respective indentures governing the Notes as a result of the change of control of the Issuer which occurred as a result of the previously-announced completion of the combination of the businesses of GTECH S.p.A. and the Issuer under IGT on April 7, 2015.

Pursuant to the terms of the Offers, the Issuer has accepted for purchase all Notes validly tendered and not validly withdrawn on the Expiration Date at a purchase price equal to 101% of the principal amount thereof plus any accrued and unpaid interest to, but not including, the date of payment (expected to be on or before May 13, 2015).  The following table summarizes the Offers and the results reported to the Issuer by Wells Fargo Bank, National Association, the depositary and tabulation agent for the Offers:

This news release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any security.

About the Issuer
The Issuer is a wholly-owned subsidiary of IGT.

About IGT
IGT IGT is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of prime content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately $6 billion in revenues and more than 13,000 employees. For more information, please visit www.merger.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning IGT and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of IGT as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should,", "shall", "continue", "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements are subject to various risks and uncertainties, many of which are outside IGT's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance or achievements. Therefore, you should not place undue reliance on the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) macroeconomic conditions such as a disruption of or lack of access to the capital markets, changes in the credit rating of U.S. government securities, default or delay in payment by the United States of its obligations, changes in general economic conditions or economic conditions in the markets in which IGT may, from time to time, compete, and the effect of those changes on IGT's revenues, earnings and capital sources, IGT's ability to repay, refinance, restructure or extend its indebtedness as it becomes due, and the conditions in the credit markets, including the risks of currency fluctuations and foreign exchange controls. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect IGT's business, including those described in IGT's registration statement on Form F-4 and other documents filed from time to time with the Securities and Exchange Commission (the "SEC"). Except as required under applicable law, IGT does not assume any obligation to update the forward-looking statements. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per IGT share for the current or any future financial years will necessarily match or exceed the historical published earnings per IGT share, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to IGT, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Robert K. Vincent, Corporate Communications, (401) 392-7452
James Hurley, Investor Relations, (401) 392-7190
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries

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SOURCE International Game Technology PLC