INTRALOT announces £300m FSF agreement
INTRALOT announced that – through its wholly owned UK subsidiary, INTRALOT Finance UK plc – it has concluded a Forward Start Facility Agreement for €300m. The new facility, which exceeded the initial target of €250m, will mature in December 2014.
The proceeds of this Facility will be used for refinancing INTRALOT Finance’s UK plc existing Revolving Credit Facility maturing in December 2012 and thereafter, for general corporate purposes, investments and capital expenditure.
Mr. Ioannis Pantoleon, Chief Financial Officer of INTRALOT, stated: “The successful completion of the facility in such a difficult economic environment was the result of INTRALOT’s financial soundness and international diversification. The Facility will provide us with the necessary liquidity in order to support our international presence and pursue new business opportunities that arise globally”.