Greece’s Intralot in covenant crisis as earnings disappoint

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Greece’s Intralot in covenant crisis as earnings disappoint

Gambling

Bonds of Intralot, the Greek gambling technology company, fell on Tuesday, after an earnings release that disappointed investors and confirmed that it was in breach of leverage covenants in its revolvers. High yield research firm Lucror Analytics argued that it was now ‘imperative’ for the company to renegotiate these terms.

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