(Alliance News) - Lottomatica Spa on Tuesday announced that it has successfully completed the pricing of a total amount of EUR900 million in bonds.

These include EUR500 million in aggregate amount of senior secured bonds maturing in 2030, rate at 5.375 percent at an issue price of 100 percent and EUR400 million in aggregate amount of senior secured bonds maturing in 2031 at a floating rate at an issue price of 100 percent, with a coupon equal to the sum of the three-month Euribor rate plus 3.250 percent per annum.

The offering is scheduled to close on May 29, 2024, subject to customary closing conditions.

The fixed-rate bonds will mature on June 1, 2030, and the floating-rate bonds will mature on June 1, 2031.

Lottomatica closed Tuesday's session in the green by 0.4 percent at EUR10.80 per share.

By Maurizio Carta, Alliance News reporter

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