Athens, 13 August 2021 - Karatzas & Partners acted as legal counsel to an ad hoc group of noteholders on all Greek law matters in relation to the restructuring of the debt facilities of Intralot Group companies and the issuance by Intralot Inc. of Νew Senior Secured Notes with a nominal value of ca. $242 million to refinance the existing Notes due September 2021.
The restructuring also included the transfer of 34.27% of the share capital of Intralot US Securities B.V. (indirect parent of Intralot, Inc.) to holders of existing 2024 Notes with a nominal value of €118,240,000, in exchange of such notes and led to a total deleveraging of the group liabilities of €163 million.