Gtech (NYSE:GTK)
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GTECH Holdings Corporation Announces Pricing of Senior Notes
Offering
WEST GREENWICH, R.I., Nov. 16 /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that it has agreed to sell $150 million
of 4.5% senior notes due 2009 and $150 million of 5.25% senior notes due 2014,
for aggregate proceeds of approximately $300 million. GTECH intends to use the
proceeds from the offering for general corporate purposes, which may include
funding potential future acquisitions.
The notes and related guarantees have not been registered under the Securities
Act of 1933, or any state securities laws. Accordingly, the notes will be sold
only to qualified institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, and outside the United States in accordance with
Regulation S under the Securities Act of 1933.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering would be unlawful. This press
release is being issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Certain statements contained in this press release are forward looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Company identifies
forward looking statements by words such as "may," "will," "should," "could,"
"expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or
similar words that refer to the future. Such statements include, without
limitation, statements relating to the Company's anticipated completion of the
note offering and its anticipated use of proceeds there from. Such statements
also include statements relating to the prospects and financial outlook for the
Company, which reflect management assumptions regarding: (i) the future
prospects for and stability of the lottery industry and other businesses in
which the Company is engaged or expects to be engaged, (ii) the future
operating and financial performance of the Company (including, without
limitation, expected future growth in revenues, profit margins and earnings per
share), and (iii) the ability of the Company to retain existing business and to
obtain and retain new business. Such forward looking statements reflect
management's assessment based on information currently available, but are not
guarantees and are subject to risks and uncertainties that could cause actual
results to differ materially from those contemplated in the forward looking
statements. These risks and uncertainties include, but are not limited to,
those set forth above, in the Company's subsequent press releases and on
reports by the Company on Forms 10-K, 10-Q and 8-K, and other reports and
filings with the Securities and Exchange Commission.
GTECH, a leading global information technology company with over $1 billion in
revenues and more than 5,400 people in over 50 countries, provides software,
networks, and professional services that power high-performance, transaction
processing solutions. The Company's core market is the lottery industry, with
a growing presence in commercial gaming technology and financial services
transaction processing.
Contact: Robert K. Vincent
Public Affairs
GTECH Corporation
401-392-7452
DATASOURCE: GTECH Holdings Corporation
CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation,
+1-401-392-7452
Web site: http://www.gtech.com/