IGT announces offering of €500000000 senior secured notes

first_img Load More Global gaming developer International Game Technology (IGT) has announced the offering and successful pricing of €500,000,000 2.375% senior secured notes due 2028.In an overnight announcement, IGT said it intends to use the net proceeds from the sale of the Notes to “repay in full utilizations under its senior revolving credit facilities and for general corporate purposes which may include the scheduled €320,000,000 amortization payment due under its senior term loan facility on 25 January 2020.” New Chief Executive vows to protect Macau’s gaming and tourism industry from harm Wynn Resorts to undergo internal restructure as part of refinancing plan The company has applied for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.IGT recently revealed a 5% increase in revenue to US$1.23 billion in 2Q19 and its highest Adjusted EBITDA in three years of US$454 million which it attributed to significant growth in global gaming product sales and strength in global lottery same-store revenue. Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts RelatedPostslast_img read more