asino equipment maker International Game Technology (IGT) has extended the 2020 principal bond holder’s deadline (worth US$300 million) by two days to agree to certain changes to conditions under plans to merge with Italy-based lottery specialist GTech SpA. The new deadline expires at 5 p.m. New York time on Wednesday.

The company has also doubled the cash fees it will pay to holders of the bill. IGT said in a statement on Tuesday that once the proposed amendment goes into effect, it will pay a consent fee equivalent to US$10.00 for every US$1,000 bill principal in 2020 in cash.

On Oct. 8, IGT announced that it would offer cash fees to holders of principal bonds totaling $1.3 billion if they agreed to change the terms and conditions under its contract with GTech.

The changes would allow the merger of the two companies to be excluded from the definition of “change of governance,” apply the definition of “change of governance” to IGT’s parent company after the merger, and allow the holding company to provide financial reports currently provided by IGT after the merger.

GTech will acquire IGT for $6.4 billion, assuming $4.7 billion in cash and stocks and $1.7 billion in net debt. The deal is expected to be completed in the first half of 2015. 실시간 바카라사이트

On Tuesday, the U.S.-based game maker said it had “the required consent from the majority holder of the principal amount of the 2019 draft,” amounting to $500 million. It said the consent fee of US$2.50 for every $1,000 principal amount of the bond will be paid on Thursday.

The company also said it had not received required consent from the holders of most (worth $500 million) of its 2023 bills before Monday’s expiration date. IGT, however, said it was not extending the expiration date of its 2023 bills.