INTRALOT announces that, through its wholly owned subsidiary in the UK, INTRALOT Finance UK plc, has concluded a Forward Start Facility Agreement for EUR 300 million (the "Facility"). The new Facility, which exceeded the initial target of EUR 250 million, will mature in December 2014.
Citibank N.A., London Branch, Emporiki Bank Of Greece (subsidiary of Credit Agricole), S.A. and HSBC Bank plc, acted as Coordinators and Mandated Lead Arrangers.
The proceeds of this Facility will be used for refinancing INTRALOT Finance’s UK plc existing Revolving Credit Facility maturing in December 2012 and thereafter, for general corporate purposes, investments and capital expenditure.
Mr. Ioannis Pantoleon, Chief Financial Officer of INTRALOT, stated: “The successful completion of the Facility in such a difficult economic environment was the result of INTRALOT’s financial soundness and international diversification. The Facility will provide us with the necessary liquidity in order to support our international presence and pursue new business opportunities that arise globally”.