INTRALOT S.A. INTEGRATED LOTTERY SYSTEMS AND SERVICES ANNOUNCES PRICING (450 M)
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 Capital Luxembourg S.A. (the “Issuer”), plans to proceed with an offer of €450,000,000 Senior Notes due 2024 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by INTRALOT S.A. (the “Parent Guarantor”) and certain of its subsidiaries.
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 proceeds of the offering of the Notes, if completed, are expected to be used to fully redeem the Issuer’s existing 6.00% senior notes due 2021, repay the outstanding syndicated facilities, pay fees and expenses related thereto and to the offering and for general corporate purposes.
The following information relates to our current performance and is derived from our internal management accounts for the month of July 2017, and has not been audited, reviewed or verified by our auditors and you should not place undue reliance on it. For the seven months ended July 31, 2017, our revenue and EBITDA were €841.5 million and €104.7 million, respectively, an increase of €104.8 million and €4.5 million (14.2% and 4.5%), compared to €736.7 million and €100.2 million for the seven months ended July 31, 2016. Our financial performance in July of 2017 was otherwise in line with seasonal trends.
For more information on our results of operations and financial condition for the first half of 2017 and a trading update for the first half of 2017, please visit our investor relations page: http://www.intralot.com/investor-relations
Group Treasury Director
Tel: +44 20 7152 4050 or +44 7736 159180
Capital Markets Director
Tel: +30 213 03 97 299
Group Director of Corporate Affairs
Tel: +30 210 61 56 000
Important Regulatory Notice
This announcement constitutes a public disclosure of inside information by the Issuer under Article 17(1) of Regulation (EU) No 596/2014.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor will there be any sale of Notes referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale is not permitted. The Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements of the U.S. Securities Act. This announcement is being distributed only to, and is directed at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”)), (iii) persons who are within Article 43 of the Financial Promotion Order or (iv) any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order (all such persons together being referred to as “relevant persons”).
The investments to which this announcement relates are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons.
In member states of the European Economic Area, this announcement is directed only at persons who are “qualified investors” within the meaning of article 2(1)(e) of Directive 2003/71/EC (such directive, as amended, the “Prospectus Directive”). This announcement is an advertisement for the purposes of applicable measures implementing the Prospectus Directive.