Intralot completes US Inc focused capital restructuring - SBC News

Aug 5, 2021 · Completing its new restructuring agreement, Intralot Global Holdings will retain 65.73% control of Intralot Inc, operating as the US unit’s main management company. The …

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Intralot Completes US Inc Focused Capital Restructuring - SBC News

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Aug 5, 2021 · Completing its new restructuring agreement, Intralot Global Holdings will retain 65.73% control of Intralot Inc, operating as the US unit’s main management company. The …

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Intralot Completes Capital Restructuring Focused On Its US Unit

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Aug 6, 2021 · The additional capital restructuring allowed Intralot Global Holdings BV to transfer 34% of the shares of Intralot US Securities to existing 2024 debit note holders, with the …

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K&P Advised Group Of Noteholders In Relation To The Restructuring …

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Apr 19, 2022 · 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 …

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INTRALOT Completes Acquisition Of Intralot US Securities B.V.

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Jun 24, 2022 · INTRALOT announces the closing of the purchase by its wholly owned Dutch subsidiary “Intralot Global Holdings B.V.” (IGH) of 33,227,256 ordinary shares (or 33.23%) in …

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Intralot Set To Push Restructuring Envelope In Europe ... - S&P Global

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Feb 10, 2021 · Under terms of the restructuring plan, holders of the 2021 bonds would exchange their holdings for €205 million of new secured debt issued and secured by the firm's U.S. entity …

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FAQs about Intralot completes US Inc focused capital restructuring - SBC News Coupon?

What happened to Intralot Global Holdings BV?

Intralot Global Holdings BV transferred 34% of its shares in Intralot US Securities to holders of existing 2024 debt-notes. This exchange carried a nominal value of €118 million. ...

Has Intralot SA completed a debt-note restructure?

Intralot SA has completed a debt-note and capital restructure. This restructure was undertaken to deepen its financial resources and accelerate the growth of its North American Intralot Inc unit. ...

What will Intralot's future look like?

The future will find Intralotincreasing its capital up to 130 million euros, 125 million of which will be used to repurchase 33.2% of the U.S. subsidiary Intralot Inc. that was exchanged as part of the restructuring of the listed company's debts. ...

How much of Intralot's share capital will be covered by Standard General?

In particular, Standard General has committed to cover unsold shares up to1/3 of the share capital, with a maximum price of 0.58 euros per share. Thus, after the increase, the two shareholders will control approximately 60% of Intralot's share capital and will jointly cooperate on its further development. ...

Does Intralot have a recapitalisation plan?

Intralot announced on 3 July that it would undertake a US-focused recapitalisation plan. Following Q1 trading results, the North American assets of Intralot had outperformed the firm’s established European counterparts. ...

How has Intralot performed over the past 3 years?

Intralot has undergone an operational restructuring, delivering substantially improved profitability. Over the past three years, EBITDA has shown double-digit growth while margins have expanded from 12.2% in 2019 to an expected 36% in 2023, demonstrating the success of strategic initiatives. ...