Published on 9/16/2016 in the Prospect News High Yield Daily.
New Issue: Greece’s Intralot prices €250 million five-year notes at par to yield 6¾%
By Paul A. Harris
Portland, Ore., Sept. 16 – Greece’s Intralot SA priced a €250 million issue of five-year senior notes (B1) at par to yield 6¾% on Friday, according to a market source.
JPMorgan, SG CIB, BofA Merrill Lynch, Morgan Stanley and Nomura are the joint global coordinators and joint bookrunners.
The Athens-based lottery operator plans to use the proceeds to fund a concurrent tender offer for Intralot Finance Luxembourg SA’s 9¾% senior notes due 2016.
| Issuer: | Intralot SA
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| Amount: | €250 million
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| Maturity: | Sept. 15, 2021
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| Securities: | Senior notes
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| Joint global coordinators and joint bookrunners: | JPMorgan, SG CIB, BofA Merrill Lynch, Morgan Stanley and Nomura
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| Coupon: | 6¾%
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| Price: | Par
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| Yield: | 6¾%
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| Trade date: | Sept. 16
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| Settlement date: | Sept. 21
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| Rating: | Moody’s: B1
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| Marketing: | Roadshow
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