Greek gaming technology firm Intralot has lined up €660 million ($775 million) in new long-term debt financing to help fund its planned acquisition of Bally’s International Interactive business and refinance existing borrowings.
The financing package includes a £400 million ($539 million) six-year senior secured term loan agreement with institutional lenders and €200 million ($234 million) in binding commitments for a four-year amortising term loan from a consortium of Greek banks, Intralot said on Friday.
The company expects the proceeds will be used “to finance in part the acquisition and repay certain existing indebtedness.”
The closing of the new debt facilities remains subject to conditions related to the…