International Game Technology Announces Signing of $750M Credit Facility

International Game Technology IGT announced today that it has entered into a new $750 million, five-year credit facility with a syndicate of banks which replaces its existing $1.2 billion credit facility. The new facility provides a lower all-in drawn interest rate, extends the maturity from June 2012 to April 2016 and allows for capacity and structural flexibility. The Company may request an increase in the facility size up to an additional $250 million at any time during the life of the facility. As of April 14, 2011, there were no outstanding borrowings under the credit facility.