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Aristocrat Leisure Ltd announces completion of A$375 mln placement

Monday, 7 Jul 2014 07:04pm EDT 

Aristocrat Leisure Ltd:Says completion of fully underwritten placement to qualified and sophisticated institutional investors to raise about A$375 mln, as announced on July 7.Placement was oversubscribed at a price of A$5.26 per new share.Total of about 71.29 mln new shares will be issued under placement, and these will rank equally with existing ordinary shares.Proceeds from placement will be used to partly fund acquisition of Video Gaming Technologies, Inc. (VGT) as announced on July 7, assuming regulatory approvals are obtained and transaction completes.In interim period, proceeds will be used to reduce existing debt facilities.