Nachrichten February 13, 2015

Shearman & Sterling Represents Initial Purchasers on $5.2 Billion Bond Financing in Connection with GTECH S.p.A’s Acquisition of International Game Technology, Inc.

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Barclays Bank PLC and Citigroup Global Markets Limited as representatives of the several initial purchasers in connection with GTECH’s offering of $5.2 billion (equivalent) of temporary senior secured notes, comprising: $600 million aggregate principal amount of 5.625% senior secured notes due 2020, $1,500 million aggregate principal amount of 6.250% senior secured notes due 2022, $1,100 million aggregate principal amount of 6.500% senior secured notes due 2025, €700 million aggregate principal amount of 4.125% senior secured notes due 2020 and €850 million aggregate principal amount of 4.750% senior secured notes due 2023.

GTECH will use the proceeds from the offering to fund the acquisition of International Game Technology. The offering was conducted through a special purpose vehicle issuer, Cleopatra Finance Limited, which placed the proceeds from the offering into escrow, pending the consummation of the acquisition. In connection with the acquisition, GTECH will merge with and into Georgia Worldwide PLC and the ordinary shares of Georgia Worldwide PLC, will be listed on the New York Stock Exchange. On completion of the mergers, the temporary notes will be automatically exchanged for permanent notes to be issued by Georgia Worldwide PLC.

GTECH is a leading commercial operator and provider of technology in the regulated worldwide gaming markets. International Game Technology is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and systems products.

The Team