Lottomatica sells new investment-grade bonds to fund SKS365 acquisition

Finance News

Lottomatica’s joint stock company (societàperazioni) established under the laws of the Republic of Italy (and a wholly owned subsidiary of Lottomatica Group S.p.A. has announced today its intention to issue and sell €500,000,000 aggregate principal amount of notes .

In additional 7.125% senior secured notes due 2028 to be issued under the indenture of the outstanding €565 million 7.125%.

The Company also announces that it has obtained additional commitments for revolving cash borrowings under its existing revolving credit facility agreement in an aggregate principal amount of €50.0 million for the consummation of the acquisition of the entire share capital of SKS365.

RECOMMENDED