Intralot lands €148m from creditors to distinct equilibrium sheet

Intralot lands €148m from creditors to distinct equilibrium sheet

Greek operator to swap remainder of debt for bonds with lenders as Covid-19 takes its toll

A group of creditors have agreed to hand virtually €148m (£127.2m) to Intralot as the battling operator looks to fork out off bonds owing in September. The creditors, also know as the Ad Hoc Group, maintain €250m senior unsecured notes (SUNs), thanks 2021, as element of a lock-up arrangement with the Greek operator and have now…

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