International Game Technology refinances with $1 billion revolver

By Angela McDaniels

Tacoma, Wash., April 24 - International Game Technology said it entered into an amended and restated credit agreement for a $1 billion five-year credit facility replacing its existing $750 million credit facility.

The credit facility was extended to April 2018 from April 2016, and borrowing costs were lowered by more than 20%, according to a company news release.

As of Tuesday, there was $55 million outstanding under the credit facility.

International Game Technology is a Las Vegas-based manufacturer of gaming machines.

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