Intralot : Focus Emission
Intralot undertakes to issue a EUR 450m seven-year bond. The transaction will help repay an existing 2021 paper of EUR 250m at 103 as well as the entire EUR 165m outstanding of the syndicated facility. Post-refinancing, the EUR 98.9m term loan will be cancelled but the now fully available EURÂ 86.1m RCF will be retained. The remaining debt consists essentially of another 6.75% 2021 bond of EUR 250m. Bonds will thus make up the totality of drawn debt and 90% of available debt. We recommend investors to subscribe at 5.75% or more.>Intralot is a supplier of integrated gaming and transaction processing systems. Co.'s operating geographical segments are as follow: European Union, which comprises Greece, Italy, Malta, Cyprus, Poland, Luxembourg, Spain, the U.K., Nederland, Romania, Bulgaria, France, Germany, Czech Republic and Slovakia and Republic of Ireland; Other Europe, which comprises Russia, and Moldova; America, which comprises the U.S., Peru, Brazil, Argentina, Mexico, Jamaica, Chile, Colombia, Guatemala, Dominican Republic, Suriname, Uruguay and St. Lucia; as well as Other Countries, which comprises Australia, New Zealand, China, South Africa, Turkey, South Korea, Lebanon, Egypt, Azerbaijan, Taiwan and Morocco.
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.
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