Intralot S.A. I. L. S. & S. announces launch of €250,000,000 Senior Notes Offering
Athens, Greece, September 14, 2016 – Intralot S.A. Integrated Lottery Systems and Services announces pursuant to laws 3556/2007 and 3340/2005 and the implementing decisions 1/434/03.07.2007 and 3/347/12.07.2005 of the Hellenic Capital Markets Commission that its indirect subsidiary Intralot CapitalLuxembourg S.A. (the “Issuer”), plans to proceed with an offer of €250,000,000 Senior Notes due 2021 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by Intralot S.A. (the “Parent Guarantor”), Intralot Global Securities B.V. (the direct parent company of the Issuer) and by the following indirect subsidiaries of Intralot S.A.: Intralot Inc.; Intralot Maroc SA; Intralot Germany GmbH; Intralot Nederland B.V.; Pollot sp. z o.o.; Intralot Business Development Limited; OLTP Processamento de Transações Online Ltda.; Beta Rial. sp. z o.o.; Intralot Cyprus Global Assets Ltd; Intralot St. Lucia Limited; White Eagle Investments Limited; Intralot Jamaica Limited; Intralot Finance UK PLC; Bilot EOOD; Intralot Holdings International Limited; Intralot Interactive USA, LLC; Betting Company Cyprus Limited; Intralot Iberia Holdings S.A.; Intralot do Brasil Comércio de Equipamentos e Programas de Computador Ltda.; Intralot Interactive S.A.; Intralot International Limited; Intralot Operations Limited; Betting Organization, Operation, and Promotion Company S.A. (Betting Company S.A.); Intralot Global Holdings B.V. and Intralot Finance Luxembourg S.A.
The Notes will be offered in Greece only to “qualified investors” within the meaning of article 2 par. 1 (f) of Law 3401/2005, as amended by virtue of Law 4099/2012 (transposing into Greek law Directive 2010/73/EU, amending Directive 2003/71/EC).
The Notes are expected to be admitted to trading on the Luxembourg Stock Exchange’s Euro MTF market. The following financial institutions will act as Joint Global Coordinators and Joint Bookrunners: J.P. Morgan, Société Générale, BofA Merrill Lynch, Morgan Stanley and Nomura.
Our wholly-owned subsidiary Intralot Finance Luxembourg S.A. will announce today its tender offer (the “Tender Offer”) to purchase any and all of the outstanding principal amount of its €276.682.000 9.75% Senior Notes due 2018 (the “Repurchased Notes”) not held by us or our related entities at a repurchase price of 105.155% plus accrued and unpaid interest up to (but excluding) the settlement date of the Tender Offer. The Tender Offer will expire on September 20, 2016. The net proceeds from the issue and sale of the Notes received after payment of the estimated commission and other expenses related to the offering of the Notes will be used to deposit into escrow such funds sufficient (with the addition of cash on hand of the Parent Guarantor and its subsidiaries) to repay 100% of the outstanding principal amount of the Repurchased Notes (including amounts required to settle purchases made pursuant to the Tender Offer), plus the redemption premium and all current and future accrued but unpaid interest to the maturity date of the Repurchased Notes. Further details of the Tender Offer, including but not restricted to terms and conditions, offer restrictions, and involved parties can be found in the Tender Offer Memorandum dated September 14, 2016, copies of which (subject to distribution restrictions) are available from Lucid Issuer Services Limited as the Tender Agent. The acceptance of the Tender Offer will be dependent, amongst other aspects, on the financing condition pertaining to the successful completion of the offering of the Notes.
For more information on our results of operations and financial condition for the first half of 2016 and a trading update for the first half of 2016, please visit our investor relations page: http://www.intralot.com/content/103/investor-relations.