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International Game buys back $114.1 million 2.6% convertibles
By Angela McDaniels
Tacoma, Wash., Feb. 12 - International Game Technology repurchased $114.1 million of its $825 million 2.6% senior convertible debentures due 2036 between the beginning of the year and Feb. 9, according to its 10-Q report for the fourth quarter filed with the Securities and Exchange Commission.
The company said it may use open-market, privately negotiated or structured transactions to repurchase additional convertibles depending on market conditions and other factors.
International Game Technology makes gaming machines and systems and is based in Reno, Nev.
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