Jun 12, 2019 Newsdesk Latest News, Top of the deck, World  
Casino gaming equipment supplier and lottery services company International Game Technology Plc (IGT) says it has increased the size of its offer of 3.5-percent senior secured notes due in 2026, to EUR750 million (US$849.67 million).
IGT issued a written announcement on Tuesday saying it intended to use the net proceeds from sale of the new notes to redeem on June 22 nearly EUR437.61-million worth of 4.125-percent senior secured notes due in 2020. Such redemption would be in full at the optional redemption price. The group would then repay in part IGT’s borrowings under its senior revolving credit facilities.
The redemption of the older debt depended on the company getting at least EUR600 million in gross proceeds from the sale of the newly-offered debt, the announcement stated.
IGT reported in May a first-quarter net profit of US$40.3 million, on revenue of US$1.14 billion, having made a net loss of US$103.2 million during the same period in 2018, on revenue of US$1.21 billion.
The company’s net debt position was largely unchanged at US$7.71 billion as at March 31. Its net debt was US$7.76 billion at the end of last year.
Mar 26, 2024
Mar 22, 2024
Mar 29, 2024
Mar 28, 2024
Mar 29, 2024
Members of Thailand’s House of Representatives voted overwhelmingly on Thursday in support of a study recommending casinos be permitted in large entertainment complexes proposed for that nation. A...(Click here for more)
US$21.6 million
Net profit reported by Success Universe Group for 2023