Shearman & Sterling advised the joint bookrunners, led by Morgan Stanley, in connection with Intralot’s €500 million senior notes offering. The notes pay interest at a rate of 5.25% per annum due 2024. The proceeds from the offering were used to fully redeem Intralot’s senior notes maturing in May 2021 and to repay Intralot’s syndicated facilities, and will also be used for general corporate purposes.
Intralot is a global leader in the supply of integrated gaming systems and services. The company provides technology and management services to state and state-licensed lottery and gaming organizations worldwide through a diversified and stable portfolio of 87 contracts and licenses across 52 jurisdictions.
The Shearman & Sterling team included partners Apostolos Gkoutzinis (London-Capital Markets), Kristen Garry (Washington, DC-Tax) and Kenneth Laverriere (New York-Compensation, Governance & ERISA); and associates Yaw Asare (New York-Capital Markets), Iakovos Anagnostopoulos (London-Capital Markets), Bradley Simon (New York-Corporate Group), Eric Grosshandler (New York-Tax) and Jake Glazeski (New York-Compensation, Governance & ERISA).