Intralot secures $775 million debt financing for Bally’s Interactive deal | Yogonet International
Summary
Greek gaming technology firm Intralot has secured €660 million (about $775 million) in long-term debt financing to help fund its planned acquisition of Bally’s International Interactive and to refinance existing borrowings. The package includes a £400 million six-year senior secured term loan with institutional lenders and €200 million in binding commitments for a four-year amortising term loan from Greek banks. Proceeds will partly finance the acquisition and repay certain indebtedness. Closing is conditional on acquisition and refinancing terms, and Intralot has also obtained consent from holders of its €130m retail bond to keep the instrument outstanding post-deal.
Key Points
- Intralot arranged €660m (~$775m) in new debt financing for the Bally’s Interactive acquisition.
- Financing includes a £400m six-year senior secured term loan and €200m four-year amortising loan from Greek banks.
- Proceeds aimed at partly funding the purchase and refinancing existing debt; closing subject to conditions.
- Retail bondholders consented to keep a €130m bond outstanding after completion.
- Intralot agreed in July to pay €1.53bn cash plus €1.13bn in newly issued shares to Bally’s Corp; deal expected to close Q4 2025 pending approvals.
Content Summary
The article reports the key financing steps Intralot has taken to back its takeover of Bally’s International Interactive. It outlines the composition of the debt package, the intended use of funds, and the remaining conditions to closing. It also notes Intralot’s plan to access debt capital markets to replace earlier commitments from international banks.
Why should I read this?
Quick and simple: this deal changes the shape of the online gaming market and shows how a Greek tech firm is using big-ticket debt to move up the food chain. If you follow gaming M&A, operator financing or market consolidation, this is one to watch — and yes, it could affect competitors, suppliers and investors.
Context and Relevance
The transaction is a major consolidation play in the global iGaming and interactive sector. It highlights ongoing M&A activity and reliance on debt capital markets to fund large cross-border acquisitions. For creditors and investors, the package — plus bondholder consent and the move to access public debt markets — signals Intralot’s intent to solidify liquidity and manage existing obligations as it scales. Regulators and shareholders still need to approve the deal, so timing and integration risks remain.