Brief: Lottomatica Prices EUR 1.1 Bln In Aggregate Principal Amount Of Its Senior Secured Notes Due 2031
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) ((gdansk.newsroom@thomsonreuters.com; +48587696600;))