International Game Technology (IGT) has secured a credit facility worth $750 million. The new five-year loan will replace the Nevada-based gaming machines and network system products maker’s existing $1.2 billion loan. IGT may increase the facility size up to an additional $250 million during its term. Wells Fargo Securities, Merrill Lynch, Pierce, Fenner & Smith and RBS Securities are the joint lead arrangers and joint book runners on the transaction.
Click here for the release from PR Newswire.