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International Game Technology announces signing of $1 billion Credit Agreement
Apr 24, 2013 (01:04 PM EDT)
LAS VEGAS, April 24, 2013 /PRNewswire/ -- International Game Technology (NYSE: IGT) (the "Company") announced today that it has entered into an amended and restated credit agreement for a $1 billion, five-year credit facility replacing its existing $750 million credit facility. Through this refinancing, the Company increased its available liquidity, extended the maturity of the credit facility from April 2016 to April 2018, and lowered borrowing costs on the credit facility by over 20%. As of April 23, 2013, there was $55 million outstanding under the credit facility.
SOURCE International Game Technology