International edition
September 24, 2020

To reimburse bonds due December 2008

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

(Italy).- Lottomatica announced that it entered into a 350 million euro new five-year senior unsecured term loan facility agreement arranged by Barclays Capital, Intesa San Paolo, Mediobanca, and Unicredit. Natixis has joined the above arrangers as an additional lender.

L

ottomatica 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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