Greek game supplier Intralot SA has signed a deal through its subsidiary Intralot Finance UK Plc to offer a one-year extension to a three-year, 200 million euros ($272 million) syndicated loan facility.
Intralot said it was the only international company certified as a terminal supplier approved by China’s Sports Lottery Bureau, one of China’s two national lotteries, after a selection and evolution process that ended in March last year.
The Athens Stock Exchange-listed company said in a statement on Monday that the facility would replace an existing syndicated loan that was due to expire in December. An announcement on Intralot’s new syndicated loan did not say how or in what markets the money would be used.
Société Genérale SA and Alpha Bank UK coordinated the deal, and the syndicate included Citigroup, Eurobank, National Bank of Greece and Piraeus Bank, serving as mandatory lead arrangers.
“The renewal of the syndicated credit facility long before maturity now concludes the process of providing a diverse, flexible and long-term funding structure for Intralots,” Group CFO Antonios Kerastaris said in a statement.
In April, Intralot issued 250 million euros worth of seven-year unsecured bonds due in 2021. Coupons on the bonds were set at 6% and yields at 6.125%.
Intralot is a global provider of gaming and transaction processing systems, sports betting management and interactive gaming services. The company operates in more than 50 countries and reported a profit of 1.54 billion euros last year.
In May last year, the Trust Commercial Bank of China, Taiwan’s public lottery operator, selected Rotrich Chung, which Intralot owns, as the system technology operator for another decade. Lotrich also signed two more contracts with Taiwan Sports Lottery Corp, a domestic betting operator, to provide sports betting technology and support services last year.
In September last year, Intralot announced that the Nanum Lotto Consortium, in which the company participates, has obtained a license from the Korean Lottery Commission to continue operating the Korean National Lottery for five years.
Intralot also has operations in the Philippines and Malaysia.
BY: 파워볼사이트