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Friday, January 30, 2015

GTECH gets 4-yr financing worth 800 million euros, (NYSE: IGT)

Italian gaming company Gtech said on Friday it had signed an agreement with banks for four-year loan financing worth 800 million euros ($908.6 million). BNP Paribas, Intesa Sanpaolo, Mediobanca and UniCredit will provide the Italian group with two 400 million euro loans, which may be used for general corporate purposes, including debt repayment, the company said in a statement.GTECH is expected to complete a takeover of U.S.-based slot machine maker International Game Technology by June.($1 = 0.8804 euros)

International Game Technology is a global gaming company. Shares of IGT traded higher by 0.06% or $0.01/share to $16.93. In the past year, the shares have traded as low as $12.14 and as high as $17.55. On average, 1852390 shares of IGT exchange hands on a given day and today's volume is recorded at 2087018.