Lottomatica enters into 350 million euro five-year term loan facility

2008-11-17

Reading time 17 seg

Lottomatica will use the proceeds of the facility and existing cash to reimburse the 360 million euros bonds due on 22 December 2008.

The term loan will bear a variable interest rate which will be the equivalent of Euribor plus a margin of 210 basis points and will start to amortize in 30 months.

The term loan has usual covenants and restrictions reflecting those provided for by similar loan facilities of the company.

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