GTECH Holdings Corporation Announces Intent to Offer $250 Million of Senior Notes
November 16 2004 - 7:56AM
PR Newswire (US)
GTECH Holdings Corporation Announces Intent to Offer $250 Million
of Senior Notes WEST GREENWICH, R.I., Nov. 16
/PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK)
today announced that it intends to offer approximately $250 million
in aggregate principal amount of five-year and ten-year senior
notes, subject to market and other conditions, in an unregistered
offering to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933. GTECH anticipates using the net
proceeds from the offering for general corporate purposes, which
may include funding potential future acquisitions. The notes to be
offered have not been registered under the Securities Act of 1933,
or any state securities laws, and unless so registered, may not be
offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. 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/
Copyright
Gtech (NYSE:GTK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gtech (NYSE:GTK)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Gtech (New York Stock Exchange): 0 recent articles
More Gtech Hldgs Cp News Articles