Gaming

IGT Announces Amendment and Extension of Revolving credit Facilities and Amendment of Term Loan Facility

Friday 26 de July 2019 / 14:16

⏱ 1 min read

(London).- International Game Technology PLC today announced that it has successfully amended and extended its multicurrency revolving credit facilities and amended its term loan facility.

IGT Announces Amendment and Extension of Revolving credit Facilities and Amendment of Term Loan Facility

"We appreciate the support of our lenders in extending the maturity of our revolving credit facilities," said Alberto Fornaro, CFO of IGT. "We voluntarily reduced the commitments under the facilities, reflecting lower anticipated needs. This leaves us with significant flexibility to pursue compelling opportunities as well as ample liquidity to address debt maturities to 2022."

The maturity date of the revolving credit facilities was extended from July 26, 2021 to July 31, 2024, and the facilities agreement was amended to 1) reduce the aggregate commitments of the lenders from $1.2 billion and €725 million, to $1.05 billion and €625 million, respectively; 2) modify certain provisions to enhance financial flexibility; and 3) amend other non-material provisions.

The term loan facilities agreement was amended to modify certain provisions to enhance financial flexibility and amend other nonmaterial provisions to conform with the credit facilities. The amendments to IGT's multicurrency revolving credit facilities and term loan facility, as well as conformed copies of such agreements, are being furnished to the SEC on Form 6-K and will be available at www.sec.gov.

Categoría:Gaming

Tags: IGT,

País: United Kingdom

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