It will take place no later than June 30
Lottomatica approves issuance of senior unsecured non-convertible Eurobond
2012-11-23
Reading time 33 seg
(US).- Lottomatica Group’s Board of Directors has approved the issuance of a senior unsecured non-convertible bond, reserved for qualified investors outside the US, up to a maximum nominal amount of Euro 500 million, to be guaranteed by Lottomatica Group’s subsidiaries Invest Games, Gtech Holdings, Gtech Corp. and Gtech Rhode Island.
Proceeds will be used to repay existing indebtedness of the Group and for general corporate purposes. The bond issue will extend the average maturity of the Group’s debt, and strengthen the Group’s overall liquidity conditions.
The Board of Directors has authorized the issuance to take place no later than June 30, 2013, and also authorized management to determine the timing, amount, terms, and conditions of the bond, which is expected to be listed on the Luxembourg stock exchange, Euro MTF market, or on any other European market.
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