GTECH Holdings Corporation Announces Pricing of Senior Notes Offering
November 16 2004 - 3:20PM
PR Newswire (US)
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/
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