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IGT eyes $60m annual savings from new financing deals

28th July 2017 6:34 am GMT
IGT

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 [...]

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