Gtech announces full syndication of up to $ 10.7 billion bridge loan credit facility for acquisition financing of Igt
Written by Editorial Board
Gtech S.p.A. today announced that, in connection with the acquisition financing of International Game Technology (IGT), the Company has successfully fully syndicated a 364-day committed senior bridge term loan credit facility of up to $10.7 billion, of which approximately 45 percent is in Euros and approximately 55 percent is in U.S. dollars.
The bridge facility commitment is available to the Company for 15 months in accordance with the terms of the merger agreement. The credit facility, led by Credit Suisse, Barclays, and Citigroup acting as Lead Arrangers & Joint Bookrunners, was syndicated among BNP Paribas, Credit Agricole, Deutsche Bank, Intesa Sanpaolo, JP Morgan Chase, Mediobanca, Societe Generale, The Bank of Nova Scotia, The Royal Bank of Scotland and UniCredit Bank, acting as Co-Lead Managers and Fifth Third Bank, acting as Manager.