Lottomatica Prices EUR 1.1 Bln In Aggregate Principal Amount Of Its Senior Secured Notes Due 2031
Reuters
24 Apr
April 24 (Reuters) - Lottomatica Group SpA :: *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: * (Gdansk Newsroom) * ((gdansk.newsroom@thomsonreuters.com; +48587696600;))
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