(Alliance News) - Lottomatica Group Spa on Monday announced plans to issue and place bonds for a total aggregate amount of EUR900 million according to the following combination: fixed-rate senior secured bonds maturing in 2030 denominated and floating-rate senior secured bonds maturing in 2031.

The company plans to use the proceeds from the offering, in conjunction with its cash on hand, to finance the full redemption in the aggregate amount of EUR350.0 million of its 9.750% senior secured notes due 2027 and pay interest, accrued and unpaid, and the amount thereof; finance the full redemption in the aggregate amount of EUR550 million of its floating rate senior secured notes due 2028 and pay interest, accrued and unpaid, and the amount thereof; and pay certain fees, costs and expenses incurred in connection with the offering and the use of the proceeds thereof.

Lottomatica Group trades in the red by 0.5 percent at EUR10.77 per share.

By Claudia Cavaliere, Alliance News reporter

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