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IGT Amends Exchange Offer15 March 2006RENO, Nevada – (PRESS RELEASE) -- International Game Technology (NYSE: IGT) announced today that it has amended its offer to exchange up to $969,712,000 in aggregate principal amount at maturity of new Zero-Coupon Convertible Debentures due January 29, 2033 ("new debentures") for an equal aggregate principal amount at maturity of its currently outstanding Zero-Coupon Convertible Debentures due January 29, 2033 ("old debentures"). The exchange offer has been amended to increase the exchange fee to be received by holders who tender their old debentures and do not withdraw them prior to the consummation from $1.56 to $2.51 for each old debenture tendered. In addition, IGT has extended the expiration of the exchange offer until 5:00 p.m. New York City time on Wednesday, March 29, 2006, unless otherwise terminated or further extended. As of March 14, 2006, $691,873,000 principal amount of the old debentures had been tendered (including $1,902,000 principal amount tendered subject to guaranteed delivery), representing approximately 71.3% of the total amount of old debentures outstanding.
IGT Amends Exchange Offer
is republished from CasinoVendors.com.
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