Capital/Financing Update • Sep 19, 2025
Capital/Financing Update
Open in ViewerOpens in native device viewer

19 September 2025
INTRALOT S.A. (ATSE: INLOT), further to the announcement dated 21 July 2025 regarding the signing of the definitive transaction agreement with Bally's Corporation (NYSE: BALY) for the acquisition of Bally's International Interactive business (the "Acquisition"), announces to the investing public that it has signed, through an indirectly wholly-owned subsidiary, a £400 million (€460 million euroequivalent) six-year senior secured term loan agreement with institutional lenders and has secured €200 million in binding financing commitments for a four-year amortizing term loan from a consortium of Greek banks (collectively, the "New Term Financing"). Intralot intends to use the proceeds of the New Term Financing, as part of its permanent capital structure, to finance in part the Acquisition and repay certain existing indebtedness (the "Refinancing"). The closing of the New Term Financing is subject to certain conditions precedent related to the Acquisition and Refinancing. In addition, as announced on 16 September 2025, Intralot has obtained the consent of the holders of its €130 million retail bond (the "Retail Bond") as a result of which, inter alia, the Retail Bond may remain outstanding following the completion of the Acquisition.
Intralot continues to closely monitor market conditions and reaffirms its previously announced intention to access the debt capital markets to replace in full the debt financing commitments originally obtained from certain international banks in connection with the Acquisition and the Refinancing.
The following disclaimer applies to this announcement and the information provided therein, including in relation to Intralot (together with its subsidiaries, the "Intralot Group"), Bally's (together with its subsidiaries, the "Bally's Group") and Bally's Holdings Limited (together with its subsidiaries, the "Target Group"), and any other material distributed or statements made in connection with such announcement (the "Information"). You are therefore advised to carefully read the statements below before reading, accessing or making any other use of the Information.
Certain information contained in this announcement constitutes, or can be deemed, "forward-looking statements". These forward-looking statements may be identified by the fact that they do not relate only to historical or current facts but to expectations or projections of future events, results and circumstances that may or may not occur in the future, and by use of forward-looking terminology such as "aim," "anticipate," "assume," "believe," "can have," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "risk," "should," "suggest," "will," "would," and similar language or the negative thereof or similar expressions that are projections of or indicate future events or future trends. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause the Intralot Group's, the Bally's Group's and the Target Group's actual results, performance or achievements to be materially different from those expressed in, or implied by, such forward-looking statements. You are cautioned that forward-looking statements are not guarantees of future performance and that due to various risks, uncertainties and assumptions, any change of plans or targets based on market circumstances, actual events or results or the actual performance of the Intralot Group, the Bally's Group and the Target Group, developments in the industries in which the Intralot Group, the Bally's Group and the Target Group will operate, future capital expenditures and acquisitions, as well as any disruption in general economic and business conditions, particularly in geographic areas where business may be concentrated, may differ materially from those reflected or contemplated in such forward-looking statements or projections. Forward-looking statements are not historical facts but are based on certain assumptions of management regarding the Intralot Group's, the Bally's Group's and the Target Group's present and future business strategies and the environment in which each will operate, which the management believes to be reasonable but are inherently uncertain, and describe the Intralot Group's, the Bally's Group's and the Target Group's respective future operations, plans, strategies, objectives, goals and targets and expectations and future developments in the markets. No representation, express or implied, is made or will be made by the Intralot Group, the Bally's Group, the Target Group or the post-Transaction Intralot Group (or, in each case, any of their respective affiliates, members, directors, officers, employees, advisors, consultants, agents, co-investors and representatives), that any forward-looking statements will be achieved or will prove to be correct. The actual future business, financial condition, results of operation and prospects could vary materially from the forward- looking statements. As a result, you should not rely on these forward-looking statements. All forward- looking statements apply only as of the date hereof and we undertake no obligation to update this information.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.