New York-listed gaming and lottery supplier International Game Technology (IGT) expects to deliver an estimated $60m in annualized interest cost savings after entering into a new €1.5bn term loan facility and amending its multicurrency revolving credit facilities.
The proceeds from the new term loan facility, which matures in 2023, will be used to repay the €800m term loans maturing in January 2019 and the €500m 6.625% notes due in February 2018.
IGT has also voluntarily reduced the [...]
