Intralot successfully prices USD 278M 6.750% Senior Notes offering

The Notes were offered at an issue price of 100.000%; and guaranteed by Intralot S.A., Intralot Global Securities B.V. and certain indirect subsidiaries of Intralot S.A.

The Notes are expected to be admitted to trading on the Luxembourg Stock Exchange’s Euro MTF market.

Following the release of proceeds from escrow upon satisfaction of certain financing conditions, the proceeds will be used, together with cash on the balance sheet, to pay the tender price for the €276.7 million outstanding 9.750% senior notes due 2018. The settlement of the tender offer is expected to occur on September 23, 2016 (unless extended), and any 2018 Notes that remain outstanding following the closing of the tender offer will be fully redeemed under the redemption provisions of the related indenture.

Antonios Kerastaris, Intralot Group Chief Executive Officer, stated: “The warm reception of our senior bond notes offering is a strong endorsement by international markets of Intralot’s achievements and potential. We succeeded in issuing a €250 million bond priced at a 6.750% coupon to refinance an existing 9.750% coupon bond therefore dramatically reducing the debt servicing burden and we re-affirmed Intralot’s credit ratings by international agencies. I am extremely pleased by the high caliber of investors who signed up and thank them for their pledge of confidence in our company. These developments will offer a significant boost towards successfully implementing our two-pronged strategy for growth based on an enhanced products and services portfolio as well as a series of new strategic partnerships around the globe.”

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For more information, visit Intralot

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