Intralot tenders for 9¾% notes due 2018, will call any not tendered

New York, Sept. 14 – Intralot Finance Luxembourg SA announced a cash tender offer for its €276,682,000 of 9¾% senior notes due 2018.

The company is offering to buy the notes at €1,051.55 per €1,000 principal amount plus accrued interest up to but excluding the settlement date.

Holders may submit tenders until the expiration deadline of 5 p.m. ET on Sept. 20, according to a notice.

The amount outstanding excludes €48,318,000 of notes which were held by the company and canceled on Tuesday.

Intralot also said that it has issued a conditional notice of redemption for the notes.

Any securities not tendered will be redeemed on Oct. 14 at 104.875% of par plus accrued interest up to but excluding the redemption date.

Intralot is carrying out the tender as part of a refinancing which includes an offering of new notes due 2021 by Intralot Capital Luxembourg SA.

The tender carries a financing condition.

J.P. Morgan Securities plc (+44 20 7134 3438 or emea_lm@jpmorgan.com) and Societe Generale (+44 20 7676 7579 or liability.management@sgcib.com) are dealer managers. Lucid Issuer Services Ltd. (+44 20 7704 0880 or intralot@lucid-is.com) is tender agent.

Intralot Finance is a subsidiary of Intralot SA, an Athens-based gaming services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.