The document provides a financial analysis of IGT's 6.5% Senior Secured Notes due 2025, rating them as a Buy due to attractive yield, modest leverage, strong collateral, and cash flow generation. It includes financial projections for 2017 and 2018, highlighting adjusted EBITDA, capital expenditures, cash interest, taxes, dividends, and asset sales. The document also discusses potential downside risks and briefly mentions MGM Resorts International's Q3'17 performance and the impact of the October 1, 2017, events on bookings.
doj/DataSet10/EFTA01385359.pdf
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