Gtech Announces Reduction of $10.7 Billion Bridge Loan Credit Facility for Acquisition Financing of Igt
Following the solicitation of consents by International Game Technology to amend the Igt indentures pursuant to which Igt’s 7.50% Notes due 2019 were issued, which concluded on October 20, 2014, Gtech S.p.A. announced that its 364-day senior bridge term loan credit facility commitment for the acquisition financing of Igt has been reduced from approximately $10.7 billion to approximately $10.2 billion as backstop financing for the 2019 Notes is no longer required.
Written by Redazione GiocoNews
The allocation to each bank has been reduced pro-rata.