Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated June 10, 2009
Relating to Preliminary Prospectus Supplement dated June 10, 2009
to Prospectus dated March 27, 2009
Registration No. 333-158250
FINAL PRICING TERM SHEET
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$500,000,000 7.50% Notes due 2019 |
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Issuer: |
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International Game Technology |
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Title of Security: |
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7.50% Notes due 2019 |
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Security Type: |
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SEC Registered |
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Principal Amount: |
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$500,000,000 |
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Maturity Date: |
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June 15, 2019 |
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Interest Payment Dates: |
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June 15 and December 15, commencing December 15, 2009 |
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Benchmark Treasury: |
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3.125% due May 15, 2019 |
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Benchmark Treasury Yield: |
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3.954% |
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Spread to Benchmark Treasury: |
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T + 362.5 bps |
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Re-offer Yield: |
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7.579% |
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Coupon: |
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7.50% |
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Price to Public: |
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99.453% |
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Make-Whole Call: |
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T + 50 bps |
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Trade Date: |
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June 10, 2009 |
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Expected Settlement Date: |
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T + 3; June 15, 2009 |
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CUSIP Number: |
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459902 AR3 |
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ISIN Number: |
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US459902AR30 |
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Anticipated Ratings: |
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Baa2 by Moody’s Investors Service, Inc. |
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BBB by Standard & Poor’s Ratings Services |
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Joint Book-Running Managers: |
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Banc of America Securities LLC |
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Deutsche Bank Securities Inc. |
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Goldman, Sachs & Co. |
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Mitsubishi UFJ Securities (USA), Inc. |
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Mizuho Securities USA Inc. |
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Morgan Stanley & Co. Incorporated |
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RBS Securities Inc. |
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Wachovia Capital Markets, LLC |
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Co-Managers: |
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BNP Paribas Securities Corp. |
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Comerica Securities, Inc. |
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KeyBanc Capital Markets Inc. |
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U.S. Bancorp Investments, Inc. |
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UBS Securities LLC |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus and prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement, the documents incorporated by reference therein, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it from Banc of America Securities LLC, 100 West 33rd Street, 3rd Floor, New York, NY 10001, Attention: Prospectus Dept., telephone: 1-800-294-1322, E-mail: dg.prospectus_distribution@bofasecurities.com; Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; RBS Securities Inc., telephone: 1-866-884-2071; or Wachovia Capital Markets, LLC, telephone: 1-800-326-5897.
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