€1bn first-ever sustainability-linked Term Loan by International Game Technology

In July 2021 International Game Technology (“IGT”) signed an Amend & Extend agreement that modifies the existing Term Loan Facility Agreement among other things by: increasing the total facility size from €860m to €1,000m and converting the facility into Sustainability-linked Term Loan.

The facility is the first sustainability linked financing in the gaming sector on a global level, once again emphasizing IGT’s status as a leader in the gaming sector and Mediobanca’s top positioning as Sustainability Coordinator.

Mediobanca, in its roles as Global Coordinator and Sustainability Coordinator (both roles on a joint basis with BofA), led the amendment process that involved 14 financial institutions including a wide group of international and Italian banks.

Mediobanca continues to be IGT’s number 1 reference bank, enjoying a long-standing relationship with the company, having previously assisted the former Lottomatica group in the various steps of its acquisition of IGT, and a variety of mandates across the debt division. In particular on the LSF/Loan Syndicate side, this latest transaction represents Mediobanca’s 7th Coordination mandate with IGT.

International Game Technology PLC is a multinational gaming company that produces slot machines and other gaming technology and is one of the world's largest operators of lotteries. Headquartered in London, with major offices in Rome and Providence, the group is majority owned by the De Agostini S.p.A..