SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
______________________
Date of report (date of earliest event reported):
April 30, 1999
INTERNATIONAL GAME TECHNOLOGY
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(Exact name of registrant as specified in its charter)
Nevada 001-10684 88-0173041
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(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification
of Formation) Number)
9295 Prototype Drive, Reno, Nevada 89511
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(Address of principal executive offices) (Zip Code)
(775) 448-7777
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(Registrant's telephone number, including area code)
not applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On April 28, 1999 International Game Technology announced
that it plans to offer $1.0 billion in aggregate principal amount
of Senior Notes in a private placement offer pursuant to Rule
144A under the Securities Act of 1933. The full text of the
press release is included as Exhibit 99 to this report and is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits
The following exhibits are part of this current report on
Form 8-K and are numbered in accordance with Item 601 of
Regulation S-K.
Exhibit No. Description
99 Press release issued by International Game
Technology on April 28, 1999 announcing its
plans to privately place $1.0 billion of Senior Notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
International Game Technology
(Registrant)
Date: April 30, 1999 By: /s/ Maureen Imus
Maureen Imus
Its: Chief Financial Officer and
Vice President, Finance
INTERNATIONAL GAME TECHNOLOGY ANTICIPATES
$1 BILLION PRIVATE OFFERING OF SENIOR NOTES
FOR IMMEDIATE RELEASE CONTACT: Maureen Imus
April 28, 1999 TELEPHONE: (775) 448-0127
CONTACT: Robert McIver
TELEPHONE: (775) 448-0110
(Reno, Nev.) International Game Technology (NYSE "IGT")
today announced that it plans to offer $1,000,000,000 in
aggregate principal amount of Senior Notes in a private placement
pursuant to Rule 144A under the Securities Act of 1933. The net
proceeds from the offering are expected to be used to finance the
Company's previously announced planned acquisition of Sodak
Gaming, Inc., to redeem the remaining $85.7 million of its 7.84%
Senior Notes due 2004, to repay outstanding borrowings under its
revolving bank credit facility and Australian credit facility,
and to fund working capital and the Company's common stock
repurchase program.
The Senior Notes anticipated to be offered and sold will not
be registered under the Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent such
registration or an applicable exemption from the registration
requirements of the Securities Act.
This announcement shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale
of Senior Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under
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IGT ANTICIPATES $1 BILLION PRIVATE OFFERING OF SENIOR NOTES - PAGE 2
applicable securities laws, or absent the availability of an
exemption from such registration or qualification requirements.
IGT is a world leader in the design, development and
manufacture of microprocessor-based gaming products and software
systems in all jurisdictions where gaming is legal.
