INTRALOT SIGNS €200 MILLION SYNDICATED LOAN FACILITY
INTRALOT announces the signing of a 3-year, €200 million Syndicated Loan Facility (with a one-year extension option) out of its subsidiary INTRALOT Finance UK plc. The Facility will replace the existing syndicated loan which has been fully redeemed and was due to mature in December 2014.
The transaction was coordinated by Société Générale and Alpha Bank UK, while the syndicate included Citigroup, Eurobank, National Bank of Greece and Piraeus Bank, which acted as Mandated Lead Arrangers.
Mr. Antonios Kerastaris, Group Chief Financial Officer of INTRALOT, stated: “One month following our successful return to the global capital markets with the issuance of a 7-year unsecured note, we tap the international bank market, which confirmed the support towards our strategy and business outlook. The renewal of our syndicated credit facility, well before its maturity, concludes a process that now provides INTRALOT with a diverse, flexible and long-term funding structure. Armed with this we will evaluate new investment opportunities globally and within our existing asset portfolio focusing on boosting profitability and shareholder value.”
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With presence in 57 jurisdictions, more than 5.500 people and revenues of €1,54 billion for 2013, INTRALOT has established its presence on all 5 continents.