Greek-owned gaming and lottery operator Intralot has signed a three-year €200 million ($272.2 million) syndicated loan facility out of its Intralot Finance UK subsidiary.
The facility, which includes a one-year extension option, will replace an existing syndicated loan that has been fully redeemed and was due to mature in December this year.
Société Générale and Alpha Bank UK coordinated the transaction.
The syndicate itself included Citigroup, Eurobank, National Bank of Greece and Piraeus Bank, which all acted as mandated lead arrangers.
Antonios Kerastaris, group chief financial officer of Intralot, said: “One month following our successful return to the global capital markets with the issuance of a seven-year unsecured note… the international bank market… 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.”
source : www.igamingbusiness.com
