Intralot secures $775 million debt financing for Bally’s Interactive deal

Greek gaming technology firm Intralot has lined up €660 million ($775 million) in new long-term debt financing to help fund its planned acquisition of Bally’s International Interactive business and refinance existing borrowings.

The financing package includes a £400 million ($539 million) six-year senior secured term loan agreement with institutional lenders and €200 million ($234 million) in binding commitments for a four-year amortising term loan from a consortium of Greek banks, Intralot said on Friday.

The company expects the proceeds will be used “to finance in part the acquisition and repay certain existing indebtedness.”

The closing of the new debt facilities remains subject to conditions related to the acquisition and refinancing.

Last week, Intralot secured the consent of holders of its €130 million retail bond, allowing the instrument to remain outstanding after completion of the deal.

The company also reiterated its intention to access debt capital markets to replace commitments originally arranged with international banks for the transaction.

Intralot agreed in July to buy Bally’s International Interactive business from Bally’s Corp under a definitive deal announced on July 21.

Under the agreement, Bally’s will receive €1.53 billion in cash and €1.13 billion in newly issued Intralot shares. The deal, subject to shareholder and regulatory approvals, is expected to close in the fourth quarter of 2025.