Italy's SNAI to repay its series A notes via new note offering

By Tali David

Minneapolis, Nov. 21 - SNAI SpA plans to use the proceeds from a new note offering to repay the series A notes issued on Nov. 8, according to a press release.

Proceeds will also be used to refinance existing bank indebtedness through repayment of the medium- and long-term credit facilities provided to the company by a pool of banks on 2011 and certain hedging obligations.

SNAI is a Florence, Italy-based gaming technology company.

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