(Finance) – Lottomaticaa group listed on Euronext Milan and the largest operator on the Italian gaming market, has pricing successfully completed of a total amount of 500 million euros floating rate senior secured bonds maturing in 2030 called “Floating Rate Senior Secured Notes due 2030” at an issue price equal to 99.5%, with a coupon equal to the sum of the three-month EURIBOR rate (subject to a floor of 0%) plus 4, 00% per year.
There closing of the offer is scheduled for December 14th 2023, subject to the usual closing conditions, we read in a note. The bonds will mature on December 15, 2030.
The company also obtained a expansion of the revolving financing line outstanding for a total aggregate amount of 50 million euros, subject, in addition to certain standard conditions, to the completion of the acquisition of the entire share capital of SKS365 Malta Holding Limited.