Report
IGT : Issuance Focus
IGT Lottery, a subsidiary of the IGT group, taps the primary market for the first time, with the issuance of € 500m ($ 535m) of senior secured bonds due 2030 (5.5NC2). Proceeds are earmarked to refinance, at par, the existing $ 500m 6.50% senior secured bonds due 2025, which were issued by IGT PLC, and place $ 25m of cash on the balance sheet. The transaction will be leverage neutral (2.9x). It comes against a backdrop of major upheaval, with IGT announcing in July the spin-off o...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Joan Sehim
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