ntralot Secures €660 Million Financing to Support Bally’s Interactive Deal

Greek gaming technology firm Intralot has locked in fresh long-term financing as it prepares to acquire Bally’s International Interactive and refinance existing debt. The package, worth €660 million ($775 million), gives the company momentum ahead of the deal’s expected closing later this year.

Good to know

• Financing includes a £400m ($539m) six-year senior secured loan from institutional lenders.
• A €200m ($234m) four-year amortising term loan comes from Greek banks.
• Intralot retail bondholders approved keeping a €130m bond outstanding through the transaction.

Details of the Financing

Intralot confirmed Friday that the funds will be directed partly toward the acquisition and partly toward repayment of outstanding obligations. The new loans remain subject to conditions tied to the acquisition and refinancing.

The structure includes:

• A £400 million six-year senior secured term loan, secured with institutional investors.
• €200 million in commitments from a consortium of Greek banks for a four-year amortising term loan.

The company also repeated its plan to access debt capital markets to replace some of the commitments that were initially arranged with international banks.

Ahead of arranging the new facilities, Intralot received approval from holders of its €130 million retail bond. The consent allows the bond to remain outstanding once the Bally’s International Interactive deal is completed, giving the company added flexibility in structuring its balance sheet.

Acquisition Terms

Intralot first announced its agreement to acquire Bally’s International Interactive in July under a definitive deal unveiled on July 21. Bally’s Corp will receive €1.53 billion in cash and €1.13 billion in newly issued Intralot shares as part of the transaction.

The acquisition, which still requires shareholder and regulatory approvals, is scheduled to close in the fourth quarter of 2025.

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