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Papapolitis & Papapolitis Advises Intralot on EUR 100 Million Bond Loan Issuance

Papapolitis & Papapolitis Advises Intralot on EUR 100 Million Bond Loan Issuance

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Papapolitis & Papapolitis has advised Intralot on its issuance of a bond loan up to EUR 100 million in total value, maturing on June 30, 2025, with arrangers Piraeus Bank and the National Bank of Greece and initial bondholders Piraeus Bank, the NBG, Optima Bank, Attica Bank, and Pancreta Bank. Lambadarios reportedly advised the banks.

According to Papapolitis & Papapolitis, the proceeds of the bond loan will be used to fully redeem the outstanding capital of the senior notes due September 2024, issued by the company's Intralot Capital Luxembourg subsidiary.

Intralot is a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management, and interactive gambling services to other gambling providers as well as operating its own games.

A month prior, Papapolitis & Papapolitis also advised Intralot on its EUR 130 million debut public bond issuance listed on the Athens Stock Exchange (as reported by CEE Legal Matters on March 8, 2024).

Editor's Note: After this article was published, the Lambadarios Law Firm confirmed it had advised the lenders on the loan. The firm’s team included Managing Partner Constantinos Lambadarios, Partners Prokopis Dimitriadis, Konstantina Siozou, and Yannis Kourniotis, Senior Associate Katerina Gini, and Associates Christina Kyrgialani and Angeliki Kaperoni.

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