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Latham Advises on Debt and Equity Financing for €2.7 Billion Acquisition of Bally’s International Interactive Business
October 10, 2025
Acquisition establishes Intralot among the largest companies by market capitalization listed on the Athens Stock Exchange.
Latham & Watkins has advised the lead arrangers, term loan lenders, and underwriters on the debt and equity financing for the €2.7 billion acquisition of Bally’s international interactive business by Intralot. As a result of the acquisition, Intralot is among the largest companies by market capitalization listed on the Athens Stock Exchange.
The financing transaction comprised the issuance of €900 million senior secured notes, the raising of €660 million (equivalent) term loan facilities, a €430 million equity offering, and the establishment of a €160 million multi-currency revolving credit facility.
The cross-practice Latham team was led by London Capital Markets partners Jeff Lawlis and Ryan Benedict, and Milan counsel Giorgio Ignazzi, with associate Ruggero Barelli and assistance from Ludovica Davoli, Capital Markets lawyer Irene Pistotnik, and New York associate Elina Stavropoulou; and London finance partners Jonathan Brownson, Dan Maze, Fergus Wheeler, and Paul Yin, with associates Simba Gonondo, Hafsa Raza, Alexandra Samsonova, Jason Britto, and Lilia Vasiliev with assistance from Jiahui (Jane) Guo. Advice was also provided on tax matters by New York partner Jocelyn Noll and London partner Karl Mah, with London associates Lina Le Roux and Pastora Little-Morgan; and on English law capital markets matters by London counsel Koushik Prasad.