CREDIT FACILITIES AND INDEBTEDNESS

3 Months Ended

Dec. 31, 2013

10. CREDIT FACILITIES AND INDEBTEDNESS

	December 31,			September 30,
	2013			2013
Credit facility	$	-		$	-
3.25% Convertible Notes (due May 2014)		850.0			850.0
7.5% Bonds (due June 2019)		500.0			500.0
5.5% Bonds (due June 2020)		300.0			300.0
5.35% Bonds (due October 2023)		500.0			500.0
Total principal debt obligations		2,150.0			2,150.0
Discounts:
3.25% Convertible Notes		(13.6	)		(23.3	)
7.5% Bonds		(1.7	)		(1.8	)
5.5% Bonds		(0.9	)		(0.9	)
5.35% Bonds		(2.0	)		(2.1	)
Swap fair value adjustments:
7.5% Bonds		42.6			48.4
5.5% Bonds		18.4			22.6
Total outstanding debt, net	$	2,192.8		$	2,192.9

IGT was compliant with all covenants and embedded features required no bifurcation at December 31, 2013.

Credit Facility

At December 31, 2013, no borrowings were outstanding under our $1.0 billion revolving credit facility, $972.2 million was available, and $27.8 million was reserved for letters of credit and performance bonds.

3.25% Convertible Notes

First Quarter Ended December 31,	2013		2012
Contractual interest expense	$	6.9	$	6.9
Discount amortization		9.8		8.9
Remaining discount amortization period (in months)		4

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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