International Game holders put $701.23 million of 2.6% convertibles

By Susanna Moon

Chicago, Dec. 15 - International Game Technology said it had received $701,231,000 principal amount of its 2.6% convertible debentures due 2036 as of the put option deadline at 5 p.m. ET on Dec. 14.

Investors could require International Game to purchase the convertibles at par plus accrued interest, or for $1,013 per $1,000 principal amount of the convertibles.

After the put, $5,797,000 of the convertibles is outstanding.

The convertibles are callable beginning Dec. 20 and are putable again on Dec. 15, 2011.

International Game is a Reno, Nev.-based maker of gaming machines and systems.

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