INTRALOT refinances notes due September, reduces total debt liabilities

Following the announcement 30 July 2021 for the closing of the process of the two Exchange Offers related to the Notes issued by Intralot Capital Luxemburg S.A. maturing in 2021 and 2024, Intralot S.A. Integrated Lottery Systems and Services announced Thursday the final settlement of these transactions.

On August 3, new notes with a nominal value of $242,111,911 due September 2025 were issued by US-based Intralot, in exchange for existing notes maturing in September 2021 with a nominal value of €247,471,724.07 (USD $292.984.248), corresponding to an 18% discount, which were then canceled.

In addition, the company settled the transfer of shares from Intralot Global Holdings B.V., amounting to 34.27% of the share capital of Intralot US Securities B.V. (indirect parent of Intralot, Inc.), to the holders of existing 2024 Notes with a nominal value of €118,240,000 (USD $139.985.518) who participated in the exchange. Following this procedure, these Notes came to the possession of Intralot Global Holdings B.V. Intralot retains control of 65.73% of Intralot, Inc. and the management of the company.

Intralot’s Chairman and CEO Sokratis Kokkalis, said: “Today is a historic day for Intralot, achieving its two goals related to its capital structure, to refinance the Notes due September 2021 and to reduce by €163m (USD $192 million) its total debt liabilities. The new capital structure significantly improves the company's position and its capabilities to take advantage of new opportunities in the developed markets, based on its strategic planning. The entry of significant institutional investors into the share capital of the parent of Intralot, Inc., also expands the company's capabilities in a competitive and very promising market. I warmly thank all my associates and employees of the company for their contribution to this success."