INTRALOT secures €850 million to fund Bally’s acquisition

• Greek gaming technology company INTRALOT announces €850 million senior secured notes offering due 2031 through subsidiary Intralot Capital Luxembourg
• Proceeds will partially finance acquisition of Bally’s International Interactive business and repay existing debt obligations
• Notes offering forms part of permanent capital structure alongside previously announced term financing facilities

INTRALOT S.A. has launched a €850 million senior secured notes offering on 22 September 2025 to help finance its acquisition of Bally’s International Interactive business.

The Greek integrated lottery systems and services company announced the debt issuance through its indirect subsidiary Intralot Capital Luxembourg S.A., with the notes due to mature in 2031.

The bond offering represents a strategic move following INTRALOT’s announcement in July 2025 regarding the signing of a definitive transaction agreement with Bally’s Corporation for the acquisition of the Bally’s International Interactive business. The Notes will be guaranteed on a senior secured basis by INTRALOT S.A. and certain of its subsidiaries.

The offering is being conducted exclusively to qualified institutional buyers under Rule 144A in the United States, and outside the United States in accordance with Regulation S under the U.S. Securities Act. The proceeds from the notes issuance, if completed, are expected to form part of INTRALOT’s permanent capital structure.

The company plans to use the proceeds to partially finance the acquisition and the repayment of certain existing indebtedness as part of a broader refinancing programme.

The proceeds of the notes, together with the proceeds of new term financing announced on 19 September 2025, are intended to replace in full the debt financing commitments originally obtained from certain international banks in connection with the acquisition and refinancing.