GTECH enters into five-year multi-currency agreement

The Royal Bank of Scotland plc is acting as Agent and KeyBank National Association is acting as Swing-line Agent. The geographic distribution of the commitments of the banks under the agreement is as follows: continental Europe other than Italy - 46%, Italy - 21%, North America - 21% and the United Kingdom - 12%.

The agreement provides for a US$1.4 million multi-currency revolving credit facility for GTECH Corporation  and a 850 million euro multicurrency revolving credit facility for GTECH. Upon completion of the previously announced merger of GTECH with  Georgia Worldwide, the “GTECH Merger” – NewCo will be able to borrow under both facilities. Upon completion of the previously announced acquisition of International Game Technology (IGT) , the “IGT Acquisition” , the US Dollar facility will be increased to US$1.5 million and IGT will be able to borrow under the US Dollar facility. The revolving credit facilities were increased from the US$2 million initially requested because of a large over-subscription.

The revolving credit facilities will be used for general corporate purposes, including repayment of any outstanding amounts under the term and multi-currency revolving credit facilities for GTECH and GTECH Corporation (which are scheduled to expire in December 2015) and refinancing certain debt securities issued by GTECH S.p.A. Upon completion of the IGT Acquisition, the US Dollar facility will also be used to repay any outstanding amounts under IGT's revolving credit facility.

The revolving credit facilities will be fully and unconditionally guaranteed by GTECH (or NewCo upon completion of the GTECH Merger) and, subject to customary limitations, GTECH Corporation and certain other subsidiaries of GTECH (or NewCo upon completion of the GTECH Merger).

The revolving credit facilities will bear a variable interest rate based on certain credit ratings and are subject to standard covenants and restrictions.