Intralot announced successful closing of its Senior Unsecured Notes due 2021

The Notes will be issued by the Group’s subsidiary INTRALOT Capital Luxembourg S.A., a public limited liability company (société anonyme) organized under the laws of the Grand Duchy of Luxembourg. The Notes are expected to be listed on the Luxembourg Stock Exchange’s Euro MTF market.

The proceeds will be used to repay existing bank debt and for general corporate purposes. The Notes will improve the company’s long-term liquidity and strengthen its funding base. 

Citigroup, Deutsche Bank, J.P. Morgan, Société Générale acted as Global Coordinators; Nomura, Alpha Bank and Eurobank as joint Book Runners; and Banca IMI, Berenberg and Geniki Bank as co-managers of the transaction. 

 Antonios Kerastaris, Intralot Group Chief Financial Officer, stated: “We are extremely pleased with the warm acceptance of our bond by the international investment community. We held a series of meetings with more than 150 funds in London, Paris and Frankfurt and we were pleased to see the increased interest towards Intralot. The significant reduction of the coupon, as well as the increase of the Notes’s duration to seven years demonstrate emphatically the confidence of the investment community towards the Intralot Group and its prospects”.