We are pleased to have advised our long-term client Intralot on the successful completion of its €900 million Senior Secured Notes offering, comprising €600M of Fixed Rate Notes due 2031 and €300M of Floating Rate Notes due 2031.
The transaction attracted exceptionally strong investor interest, with total orders exceeding €3.5 billion—more than four times oversubscribed. This outcome underscores not only the attractive terms of the offering but also the confidence of international capital markets in Intralot’s growth trajectory, particularly in light of its strategic acquisition of Bally’s International Interactive in the UK.
Our team was led by Nikolas Katsaros Partner, Head of Finance and Capital Markets and Managing Partner, Nicholas Papapolitis.
This issuance further strengthens Intralot’s capital structure and represents a key development in Intralot’s strategic goal of solidifying its position as a global leader in the gaming industry.
We would like to congratulate KPC Finance who acted as the exclusive financial advisor to Intralot and extend our thanks to the investment banks Deutsche Bank, Goldman Sachs, Jefferies, and Citizens, as well as the legal advisors Milbank LLP for Intralot, Latham & Watkins and Karatzas & Partners for the investment banks, and Fried Frank together with KYRIAKIDES GEORGOPOULOS Law Firm for Bally’s Interactive, for their excellent collaboration throughout this process.