International Game to repay revolver borrowings with notes proceeds

By Sara Rosenberg

New York, June 8 – International Game Technology plc plans to pay down an existing revolving credit facility draw using a portion of the proceeds from a $750 million senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used to tender for 2022 senior secured notes and for general corporate purposes.

The notes were upsized from $500 million.

International Game is a London-based gaming company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.