KPC Finance successfully advised Intralot on the landmark acquisition of Bally’s Interactive

09 Oct KPC Finance successfully advised Intralot on the landmark acquisition of Bally’s Interactive

We are thrilled to announce that KPC Finance successfully advised Intralot on the landmark acquisition of Bally’s Interactive, with a sequence of large-scale transactions that mobilized nearly 𝗘𝗨𝗥 𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗼𝗳 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝘃𝗮𝗹𝘂𝗲 across international capital markets and banking institutions.

Today was a special day, as this mega-deal was completed and Intralot officially rang the bell. This game-changing transaction included:

– A € 900 Million Senior Secured Notes issuance (including € 600 Million fixed-rate notes and € 300 Million floating-rate notes), which attracted orders of more than € 3.5 Billion, oversubscribed over 4x.

– A € 460 Million equivalent senior secured term loan with institutional lenders.

– A € 200 Million amortizing term loan provided by a consortium of Greek banks.

– A € 429 Million share capital increase through the issuance of 390,000,000 new shares at €1.10, met with overwhelming investor demand.

– A secured € 160 Million revolving credit facility, remaining undrawn at closing.

– Under the terms of the transaction, the consideration to Bally’s comprised € 1.530 Billion in cash and € 1.136 Billion of newly issued shares of Intralot (873,707,073 shares, at an issue price of €1.30 per share). When combined with Bally’s prior ownership of 207,534,878 Intralot shares, Bally’s now holds approximately 58% of Intralot’s outstanding share capital, becoming Intralot’s majority shareholder.

With this milestone, Intralot now stands among 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗹𝗶𝘀𝘁𝗲𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝗚𝗿𝗲𝗲𝗰𝗲 𝗯𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻, 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗮𝘀 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗶𝗚𝗮𝗺𝗶𝗻𝗴 𝗮𝗻𝗱 𝗹𝗼𝘁𝘁𝗲𝗿𝘆 𝗹𝗲𝗮𝗱𝗲𝗿 𝘄𝗶𝘁𝗵 𝗲𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝘀𝗰𝗮𝗹𝗲, 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹. This strategic alignment is expected to unlock significant cross-selling opportunities, drive growth and long-term value creation, and create a powerful foundation for long-term expansion to capitalize on an addressable market 𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟭𝟴𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗯𝘆 𝟮𝟬𝟮𝟵.

We would like to extend our heartfelt congratulations to all the exceptional teams and partners who made this landmark transaction possible:

Intralot’s leadership and team,
Deutsche Bank, Goldman Sachs, Jefferies, Citizens, Barclays Investment Bank, Milbank LLP, Papapolitis & Papapolitis, Latham & Watkins, Karatzas & Partners, Fried Frank, KYRIAKIDES GEORGOPOULOS Law Firm (KG Law Firm), Alpha Bank, AMBROSIA CAPITAL, Credia Bank (Attica Bank), Euroxx Securities SA, Optima bank, Piraeus.

This milestone was not just the result of financial engineering, but of vision, trust, and extraordinary collaboration across borders.

Publish on: Oct 9, 2025