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International Game repays revolver, becomes borrower under Gtech loans
By Angela McDaniels
Tacoma, Wash., April 10 – International Game Technology repaid all amounts outstanding under its $1 billion revolving credit facility due 2018 in full and terminated the revolver on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
The repayment happened on the same day that the company completed its merger with Gtech SpA.
International Game Technology became a borrower under Gtech’s €800 million four-year term loan and its $1.8 billion and €1.05 billion of five-year senior multicurrency revolving credit facilities.
For the revolvers, J.P. Morgan Ltd. and Mediobanca – Banca di Credito Finanziario SpA are the global coordinators, bookrunners and mandated lead arrangers; Royal Bank of Scotland plc is the agent and the issuing agent and KeyBank NA is the swingline agent.
For the term loan, Banca IMI SpA, BNP Paribas, Italian Branch, Mediobanca and UniCredit Bank AG, Milan Branch, as mandated lead arrangers with Mediobanca as agent.
Royal Bank of Scotland was the administrative agent for the terminated revolver.
Las Vegas-based International Game Technology is a casino and social gaming entertainment provider. Rome-based Gtech is a commercial operator and provider of technology in the gaming markets.
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