Intralot S.A. Integrated Lottery Systems and Services Announces Launch of €250,000,000 Senior Notes Offering by its Subsidiary Intralot Capital Luxembourg S.A.

14 Sep, 2016, 10:10 ET from INTRALOT

ATHENS, Greece, September 14, 2016 /PRNewswire/ --

Intralot S.A. Integrated Lottery Systems and Services announces pursuant to laws 3556/2007 and 3340/2005 and the implementing decisions 1/434/03.07.2007 and 3/347/12.07.2005 of the Hellenic Capital Markets Commission that its indirect subsidiary Intralot Capital Luxembourg S.A. (the "Issuer"), plans to proceed with an offer of €250,000,000 Senior Notes due 2021 (the "Notes"). The Notes will be guaranteed on a senior unsecured basis by Intralot S.A. (the "Parent Guarantor"), Intralot Global Securities B.V. (the direct parent company of the Issuer) and by the following indirect subsidiaries of Intralot S.A.: Intralot Inc.; Intralot Maroc SA; Intralot Germany GmbH; Intralot Nederland B.V.; Pollot sp. z o.o.; Intralot Business Development Limited; OLTP Processamento de Transações Online Ltda.; Beta Rial. sp. z o.o.; Intralot Cyprus Global Assets Ltd; Intralot St. Lucia Limited; White Eagle Investments Limited; Intralot Jamaica Limited; Intralot Finance UK PLC; Bilot EOOD; Intralot Holdings International Limited; Intralot Interactive USA, LLC; Betting Company Cyprus Limited; Intralot Iberia Holdings S.A.; Intralot do Brasil Comércio de Equipamentos e Programas de Computador Ltda.; Intralot Interactive S.A.; Intralot International Limited; Intralot Operations Limited; Betting Organization, Operation, and Promotion Company S.A. (Betting Company S.A.); Intralot Global Holdings B.V. and Intralot Finance Luxembourg S.A.

     (Logo: http://photos.prnewswire.com/prnh/20160406/352016LOGO )

The Notes will be offered in Greece only to "qualified investors" within the meaning of article 2 par. 1 (f) of Law 3401/2005, as amended by virtue of Law 4099/2012 (transposing into Greek law Directive 2010/73/EU, amending Directive 2003/71/EC).

The Notes are expected to be admitted to trading on the Luxembourg Stock Exchange's Euro MTF market. The following financial institutions will act as Joint Global Coordinators and Joint Bookrunners: J.P. Morgan, Société Générale, BofA Merrill Lynch, Morgan Stanley and Nomura.

Our wholly-owned subsidiary Intralot Finance Luxembourg S.A. will announce today its tender offer (the "Tender Offer") to purchase any and all of the outstanding principal amount of its €276.682.000 9.75% Senior Notes due 2018 (the "Repurchased Notes") not held by us or our related entities at a repurchase price of 105.155% plus accrued and unpaid interest up to (but excluding) the settlement date of the Tender Offer. The Tender Offer will expire on September 20, 2016. The net proceeds from the issue and sale of the Notes received after payment of the estimated commission and other expenses related to the offering of the Notes will be used to deposit into escrow such funds sufficient (with the addition of cash on hand of the Parent Guarantor and its subsidiaries) to repay 100% of the outstanding principal amount of the Repurchased Notes (including amounts required to settle purchases made pursuant to the Tender Offer), plus the redemption premium and all current and future accrued but unpaid interest to the maturity date of the Repurchased Notes. Further details of the Tender Offer, including but not restricted to terms and conditions, offer restrictions, and involved parties can be found in the Tender Offer Memorandum dated September 14, 2016, copies of which (subject to distribution restrictions) are available from Lucid Issuer Services Limited as the Tender Agent. The acceptance of the Tender Offer will be dependent, amongst other aspects, on the financing condition pertaining to the successful completion of the offering of the Notes.

For more information on our results of operations and financial condition for the first half of 2016 and a trading update for the first half of 2016, please visit our investor relations page: http://www.intralot.com/content/103/investor-relations .


   
   

    ENQUIRIES
    Intralot
    Elias Athanasiou
    Group IR Director
    Tel: +30 210 61 56 000
    E-mail: Athanasiou@intralot.com
   

    Important Regulatory Notice
    This announcement does not constitute an offer to sell or the solicitation of an
    offer to buy any Notes,
    nor will there be any sale of Notes referred to in this announcement, in any
    jurisdiction, including the
    United States, in which such offer, solicitation or sale is not permitted. The Notes
    have not been
    registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities
    Act"), and may
    not be offered or sold in the United States absent registration under the U.S.
    Securities Act or an
    applicable exemption from the registration requirements of the U.S. Securities Act.
    This announcement is being distributed only to, and is directed at (i) persons who
    are outside the
    United Kingdom, (ii) persons in the United Kingdom falling within the definition of
    investment
    professionals (as defined in Article 19(5) of the Financial Services and Markets Act
    2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")), (iii)
    persons who are within Article 43 of the Financial Promotion Order or (iv) any other
    persons to whom it may otherwise lawfully be made under the Financial Promotion
    Order (all such persons together being referred to as "relevant persons").
    The investments to which this announcement relates are available only to, and any
    invitation, offer or agreement to subscribe, purchase or otherwise acquire such
    investments will be available only to or will be engaged in only with, relevant
    persons. Any person who is not a relevant person should not act or rely on this
    document or any of its contents. This announcement is directed only at relevant
    persons and must not be acted on or relied on by persons who are not relevant
    persons.

    In member states of the European Economic Area, this announcement is directed only
    at persons who are "qualified investors" within the meaning of article 2(1)(e) of
    Directive 2003/71/EC (such directive, as amended, the "Prospectus Directive"). This
    announcement is an advertisement for the purposes of applicable measures
    implementing the Prospectus Directive.

    Neither the content of Intralot S.A.'s website nor any website accessible by
    hyperlinks on Intralot S.A.'s
    website is incorporated in, or forms part of, this announcement. The distribution of
    this announcement into
    certain jurisdictions may be restricted by law. Persons into whose possession this
    announcement comes
    should inform themselves about and observe any such restrictions. Any failure to
    comply with these
    restrictions may constitute a violation of the securities laws of any such
    jurisdiction.
    In relation to the offering of the Notes and the Tender Offer:
    (i) no public offer, as defined in L. 3401/2005, art. 10 of L. 876/1979, article 8a
    of Codified L. 2190/1920
    and L. 3461/2006 (all, as amended and in force), shall take place; and
    (ii) no advertisement, notice, statement or other action has been or shall be
    reviewed, approved or
    authorized by the Hellenic Capital Markets Commission under L. 3401/2005, art. 10 of
    L. 876/1979,
    article 8a of Codified L. 2190/1920 and L. 3461/2006 (all, as amended and in force),
    in, from or otherwise involving the Hellenic Republic.

    Neither the Tender Offer Memorandum nor any offering document of the Notes has been
    approved by the Hellenic Capital Markets Commission.

    Nothing in this announcement or the Tender Offer Memorandum or the electronic
    transmission thereof
    constitutes an offer to buy or the solicitation of an offer to sell Repurchased
    Notes (and tenders of
    Repurchased Notes for purchase pursuant to the Tender Offer will not be accepted
    from any person) in
    any circumstances in which such offer or solicitation is unlawful. The Tender Offer
    is not being made and
    will not be made, directly or indirectly in or into, or by use of the mails of, or
    by any means or
    instrumentality (including, without limitation, facsimile transmission, telex,
    telephone, email and other
    forms of electronic transmission) of interstate or foreign commerce of, or any
    facility of a national
    securities exchange of, the United States, and no tender of Repurchased Notes may be
    made by
    any such use, means, instrumentality or facility from or within the United States,
    or to U.S. persons
    or by persons located or resident in the United States within the meaning of Rule
    800(h) under the
    U.S. Securities Act of 1933, as amended (the Securities Act) (and all references to
    persons located
    or resident in the United States in this paragraph shall be construed accordingly).
    Accordingly,
    copies of the Tender Offer Memorandum and any other documents or materials relating
    to the
    Tender Offer are not being, and must not be, directly or indirectly, mailed or
    otherwise transmitted,
    distributed, forwarded or sent (including, without limitation, by custodians,
    nominees or trustees)
    in or into the United States, or to persons located or resident in the United States
    or to U.S. persons.
    For the purposes of this paragraph, "United States" means the United States of
    America, its territories
    and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American
    Samoa,
    Wake Island and the Northern Mariana Islands), any state of the United States of
    America
    and the District of Columbia. Offer and distribution restrictions also apply in
    other jurisdictions
    (including Italy, the United Kingdom, France and Luxembourg) in respect of the
    Tender Offer,
    this announcement, the Tender Offer Memorandum and any other documents and materials
    relating
    to the Tender Offer, as described in the Tender Offer Memorandum.

SOURCE INTRALOT