Papapolitis & Papapolitis has advised Intralot SA in relation to the refinancing of the debt facilities of the Intralot Group of companies and the issuance by Intralot Inc. of New Senior Secured Notes with a nominal value of ca. $242 million to refinance the existing Notes due September 2021.
The refinancing also included the transfer of 34.27% of the share capital of Intralot US Securities B.V. to holders of existing 2024 Notes with a nominal value of €118,240,000, in exchange of such notes and led to a total deleveraging of the Intralot group liabilities of €163 million.
