IGT Prices $500 Mln Of Senior Unsecured Notes Due 2023 At 5.350% - Quick Facts

(RTTNews) - International Game Technology (IGT) announced the pricing of $500 million aggregate principal amount of senior unsecured notes due 2023 at 5.350%.

The company noted that it intends to use the net proceeds from the offering of the notes to redeem a portion of its 3.25% convertible notes due 2014 at maturity on or about May 1, 2014, and for general corporate purposes.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. are acting as joint book-running managers of the debt offering.