IGT Expands Credit Line

16 Jun 2004

NEW YORK – As reported by Reuters: "Slot machine maker International Game Technology (NYSE:IGT) on Wednesday said it was expanding its lines of credit and was comfortable with analysts' average 2004 profit forecast of $1.32 per share, sending its shares up 3.6 percent.

IGT shares tumbled 10 percent on Tuesday on worries that the company's planned expansion in Britain might be derailed. But IGT's Wednesday statement and a slew of analyst reports helped alleviate those fears, according to Art Hogan, chief market analyst at investment firm Jefferies & Co.

…Reno, Nevada-based IGT said it was terminating a $260 million credit facility and arranging a new $1 billion facility expected to be comprised of an $800 million five-year revolving credit line and a $200 million five-year term loan…"

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	IGT Expands Credit Line 16 Jun 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> NEW YORK – As reported by Reuters: "Slot machine maker International Game Technology (NYSE:IGT) on Wednesday said it was expanding its lines of credit and was comfortable with analysts' average 2004 profit forecast of $1.32 per share, sending its shares up 3.6 percent. IGT shares tumbled 10 percent on Tuesday on worries that the company's planned expansion in Britain might be derailed. But IGT's Wednesday statement and a slew of analyst reports helped alleviate those fears, according to Art Hogan, chief market analyst at investment firm Jefferies & Co. …Reno, Nevada-based IGT said it was terminating a $260 million credit facility and arranging a new $1 billion facility expected to be comprised of an $800 million five-year revolving credit line and a $200 million five-year term loan…"