Intralot details €147.6 million loan agreement

On Tuesday, 29, Intralot held its Annual General Meeting, where it presented corporate numbers, business plans and long-term growth opportunities.

“After extensive negotiations, the company has reached a significant agreement to refinance its senior notes due 2021,” said Intralot Group President and CEO Sokratis Kokkalis.

Kokkalis added: “This is a very important agreement, the successful completion of which will allow Intralot to capitalize on growth opportunities in the gaming technology industry, especially in the United States.”

Kokkalis further cited that Intralot’s main objective in relation to the agreement was to serve the interests of all parties involved, which includes groups of bondholders and shareholders.

In addition, he explained that the loan agreement corresponds to the amount of 147.6 million euros and that the participation limits will be reached so that the agreement with the bondholders is carried out in a “consensual manner”.

As for the first quarter of 2021, Kokkalis was optimistic about the organization’s financial results. “We hope that the results for the second quarter are as good and in line with the business plan, giving Intralot the opportunity to strengthen its position in strategic markets, through the use of its technology and experience in the gaming industry”.

Now, the group’s priority is its subsidiary in North America, which, according to the president of Intralot, presents the best results and has contributed to the debt restructuring. During the General Assembly, the election of a new Board of Directors was approved, with Adamantias Lazari and Konstantina Xirokosta as new members.

About Intralot

Founded in 1992, Intralot is a leading gaming solutions provider and operator active in 42 regulated jurisdictions worldwide. It is an innovation-driven group and is uniquely positioned to deliver market-tested solutions and retail operational experience to lottery and gaming organizations.