Intralot could relaunch high yield bond soon as refinancing CB is getting urgent

By Stefanie Linhardt
27 Jun 2013

Intralot, the Greek gaming machines and systems provider, has postponed plans for a €300m unsecured high yield bond, but could try to access the market again soon, as it still wants to buy back its convertible bond.

It has twice extended the deadline for its tender offer for the €200m 2.25% exchangeable notes, which is now July 5.

“They need to do something because they are tendering for their CB,” said a banker away from the deal, adding that even if Intralot cancelled its tender ...

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