International Game Technology PLC(IGT)2025-02-25 21:10Proposed Transaction - The Proposed Transaction with Apollo Funds is expected to close by the end of Q3 2025, subject to customary conditions including regulatory approvals and stockholder clearance [113]. - As of February 20, 2025, De Agostini holds approximately 42.28% economic interest and 59.43% voting interest in the Parent, which may influence decisions regarding the Proposed Transaction [124]. - The Proposed Transaction may result in the Company being a smaller, less diversified business, concentrating more on the lottery sector [120]. - Significant costs related to the Proposed Transaction have impacted the Company's financial condition and may continue to do so in future periods [118]. - The market price of the Parent's ordinary shares may fluctuate post-transaction, potentially leading to a decline greater than would occur without the transaction [119]. Financial Exposure and Risks - Approximately 25% of the Company's debt portfolio was exposed to interest rate fluctuations as of December 31, 2024, compared to 28% in 2023 [554]. - A hypothetical 100 basis points increase in interest rates would have resulted in approximately 86 million for 2024 [558]. - The Company has forward contracts for the sale of approximately 918 million of foreign currency as of December 31, 2024 [560]. - The Company is exposed to various market risks, including interest rate risk and foreign currency exchange rate risk, which it manages through operational and financial strategies [550].