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Article: International Game Technology Prices $500 Million of Its 7.50% Notes Due 2019.
- Article from:
- PR Newswire
- Article date:
- June 10, 2009
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RENO, Nev., June 10 /PRNewswire-FirstCall/ -- International Game Technology today announced that it has priced a registered underwritten public offering of $500 million aggregate principal amount of its 7.50% notes due 2019. The closing of the offering is expected to occur on June 15, 2009, subject to satisfaction of customary market and other closing conditions.
The notes will pay interest semi-annually on each June 15 and December 15 at a rate of 7.50% per year and will mature on June 15, 2019.
IGT expects to use the net proceeds to fund the repurchase or redemption of a portion of its 2.6% senior convertible debentures due December 15, 2036. The ...