Senior-secured euro debt notes worth €500 million have been refinanced by IGT Plc.
The refinancing of euro debt notes due in 2030 was started by the board of the gambling and lotteries technology group on Tuesday, September 10.
IGT intends to pay down $499 million in outstanding senior-secured notes that are due in 2025 using the money raised from the bond offering.
After the deal, IGT refinances €500 million of its European debt tranche at an interest rate of 4.250%, effective from 2030.
The company expects to settle the notes on 18 September 2024, pending standard market and closing conditions.
The refinancing of euro debt notes due in 2030 was started by the board of the gambling and lotteries technology group on Tuesday, September 10.
IGT intends to pay down $499 million in outstanding senior-secured notes that are due in 2025 using the money raised from the bond offering.
After the deal, IGT refinances €500 million of its European debt tranche at an interest rate of 4.250%, effective from 2030.
The company expects to settle the notes on 18 September 2024, pending standard market and closing conditions.