Home Company GTECH S.p.A. Announces Reduction of $10.7 Billion Bridge Loan Credit Facility for...

GTECH S.p.A. Announces Reduction of $10.7 Billion Bridge Loan Credit Facility for Acquisition Financing of International Game Technology (IGT)

Following the solicitation of consents by International Game Technology (IGT) to amend the IGT indentures pursuant to which IGT’s 7.50% Notes due 2019 were issued, which concluded on October 20, 2014, GTECH S.p.A. announced that its 364-day senior bridge term loan credit facility commitment for the acquisition financing of IGT has been reduced from approximately $10.7 billion to approximately $10.2 billion as backstop financing for the 2019 Notes is no longer required. The allocation to each bank has been reduced pro-rata.