INTRALOT refinances notes maturing in September, reduces total debt liabilities

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Company to retain 65.73% control of Intralot, Inc. and management of its operations

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following the announcement on July 30, 2021 of the closing of the process of the two Exchange Offers relating to the Notes issued by Intralot Capital Luxemburg SA due in 2021 and 2024, Intralot SA Integrated lottery systems and services announced on Thursday final settlement of these transactions.

August 3, new notes with a nominal value of $ 242,111,911 due September 2025 were issued by the American company Intralot, in exchange for existing tickets due September 2021 with a nominal value of € 247,471,724.07 (USD 292,984,248), correspond to a discount of 18%, which were subsequently canceled.

In addition, the company has settled the transfer of shares of Intralot Global Holdings BV, amounting to 34.27% of the share capital of Intralot US Securities BV (indirect parent of Intralot, Inc.), to holders of existing 2024 Bonds with a par value of 118,240,000 € (139,985,518 USD) who participated in the exchange. Following this procedure, these Notes became the possession of Intralot Global Holdings BV Intralot retains 65.73% control of Intralot, Inc. and management of the company.

Chairman and CEO of Intralot, Sokratis Kokkalis, declared: “Today is a historic day for Intralot, achieving its two objectives linked to its capital structure, refinancing the Notes due September 2021 and reducing by 163 million euros (192 million US dollars) its total debt liabilities. The new capital structure significantly improves the company’s position and ability to take advantage of new opportunities in developed markets, based on its strategic planning. The entry of large institutional investors into the share capital of the parent company 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. “


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