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Updated: 11/9/2009 4:03 PM					Sponsored by:
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International Game extends credit facility

By Associated Press
June 9, 2009 | Comments (0)

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International Game Technology said Monday it has reached an agreement with lender banks to extend its credit facility by $1.7 billion until June 8, 2012.

The company, which makes slot machine and casino management systems, said the extended portion of debt pays an interest rate 260 basis points above the London Interbank Offered Rate, or LIBOR.

The remaining $410 million balance on the credit facility will expire as previously scheduled on Dec. 19, 2010, the company said.

Shares rose 10 cents to $16.96 in afternoon trading.

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