Shearman Logo

News Oct 14, 2016

Shearman & Sterling Advises on Intralot’s €250 Million Senior Notes Offering and Concurrent Tender Offer

Shearman & Sterling advised the joint bookrunners, led by J.P. Morgan, Société Générale, Bank of America Merrill Lynch, Morgan Stanley, and Nomura, in connection with Intralot’s offering of €250 million of 6.750% senior notes due 2021 (the “Notes”).

Shearman & Sterling also advised the dealer managers, J.P. Morgan and Société Générale, in connection with Intralot’s tender offer for any and all of its outstanding 9.750% senior notes due 2018. The tender offer was launched concurrently with the offering of the Notes on September 14, 2016 and settled on September 23, 2016. The proceeds from the offering of the Notes were used to purchase senior notes tendered in the tender offer and to redeem any remaining outstanding senior notes following the settlement of the tender offer.

Intralot is a global leader in the supply of integrated gaming systems and services, managing a diversified and stable portfolio of 87 contracts and licenses across 55 jurisdictions.

The Shearman & Sterling team included partners Apostolos Gkoutzinis (London-Capital Markets), Kristen Garry (Washington, DC-Tax) and Simon Letherman (London-Tax); and associates Yaw Asare, Morgan Hill, Oscar Lopez (all London-Capital Markets), Kammy Lai (Washington, DC-Tax) and Lois Howarth (London-Tax).