Brief: Lottomatica Prices EUR 1.1 Bln In Aggregate Principal Amount Of Its Senior Secured Notes Due 2031

Lottomatica SpA

24/04/2025 16:26

April 24 (Reuters) - Lottomatica Group SpA LTMC.MI:

SUCCESSFULLY PRICES €1,100 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 4.875% SENIOR SECURED NOTES DUE 2031 AT AN ISSUE PRICE OF 100.000%

OFFERING IS EXPECTED TO CLOSE ON MAY 13

AS RESULT OF OFFERING EXPECTS TO REDUCE ITS RUN-RATE INTEREST EXPENSES BY APPROXIMATELY EUR 23.6 MILLION PER YEAR

S&P UPGRADES GROUP'S RATING FROM “BB-” TO “BB”, MOODY’S FROM “BA3” TO “BA2”

Further company coverage: LTMC.MI

 (Gdansk Newsroom)

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