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Intralot takes in tenders for €56.16 million of 9¾% notes at 105.155
By Susanna Moon
Chicago, Sept. 21 – Intralot Finance Luxembourg SA said investors had tendered €56,159,000 of its €276,682,000 of 9¾% senior notes due 2018 in the offer that ended at 5 p.m. ET on Sept. 20.
The conditions to the offer have been met, and the company expects to settle the offer on Sept. 23, according to a notice.
As announced Sept. 14, the company was offering to buy the notes at €1,051.55 per €1,000 principal amount plus accrued interest up to but excluding the settlement date.
The amount outstanding excludes €48,318,000 of notes that were held by the company and canceled on Sept. 13.
Intralot previously said it has issued a conditional redemption notice for the notes.
The company will redeem any remaining notes at 104.875% of par plus accrued interest up to but excluding the redemption date of Oct. 14.
As previously announced, Intralot priced €250 million of 6¾% five-year notes on Sept. 16 as part of a refinancing that included the tender offer.
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 with Lucid Issuer Services Ltd. (+44 20 7704 0880 or intralot@lucid-is.com) as tender agent.
Intralot Finance is a subsidiary of Intralot SA, an Athens-based gaming services provider.
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