IGT Amends Revolving Credit Facilities and Term Loan Facilities

International Game Technology has amended and extended its multicurrency revolving credit facilities and amended its term loan facility.

“We appreciate the support of our lenders in extending the maturity of our revolving credit facilities. We voluntarily reduced the commitments under the facilities, reflecting lower anticipated needs. This leaves us with significant flexibility to pursue compelling opportunities as well as ample liquidity to address debt maturities to 2022,” Alberto Fornaro, CFO of IGT said.

The maturity date of the revolving credit facilities was extended from July 26, 2021 to July 31, 2024. The facilities agreement was amended to reduce the aggregate commitments of the lenders from $1.2 billion to $1.05 billion; to modify certain provisions to enhance financial flexibility; and to amend other non-material provisions.

The term loan facilities agreement was amended to modify certain provisions to enhance financial flexibility and amend other nonmaterial provisions to conform with the credit facilities.