Slot manufacturer International Game Technology reported that the initial buyers of $725 million in convertible notes due in 2014 have fully exercised their option to buy up to an additional $125 million in notes. The private offering, including the overallotment sales, brought in $850 million. Part of the approximately $822 million in net proceeds will cover the convertible note hedge and warrant transactions related to the offering.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.