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GTECH prices multi-billion dollar financing for IGT acquisition

10th February 2015 7:57 am GMT

GTECH has moved a step closer to acquiring US gaming supplier International Game Technology (IGT) following the successful pricing of a series of senior secured notes worth approximately $5.0bn.

The senior secured notes have been denominated in US dollars ($3.2bn) and Euros (€1.6bn), and are equivalent in aggregate to approximately $5.0bn at yesterday’s exchange rate.

Subject to customary closing conditions, the notes are part of the company’s financing for the acquisition of IGT.

GTECH said that the offering [...]

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