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LOTTOMATICA ENTERS INTO €350 MILLION FIVE-YEAR TERM LOAN FACILITY TO REIMBURSE BONDS DUE DECEMBER 2008

PROVIDENCE, RHODE ISLAND (U.S.) – November 10, 2008 - Lottomatica S.p.A. today announced that it entered into a €350 million new five-year senior unsecured term loan facility agreement arranged by Barclays Capital (the investment banking division of Barclays Bank PLC), Intesa San Paolo, Mediobanca, and Unicredit. Natixis has joined the above arrangers as an additional lender. Lottomatica will use the proceeds of the facility and existing cash to reimburse the €360 million bonds due on 22 December 2008.

The term loan will bear a variable interest rate which will be the equivalent of Euribor plus a margin of 210 basis points and will start to amortize in 30 months.

The term loan has usual covenants and restrictions reflecting those provided for by similar loan facilities of the Company.

Related press release dated October 28, 2008.


Lottomatica is a market leader in the Italian gaming industry and one of the largest Lottery operators in the world based on total wagers and, through its subsidiary GTECH Corporation, is a leading provider of lottery and gaming technology solutions worldwide. Together, the Company is the only vertically integrated full service lottery company. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing and media services group. Lottomatica is listed on the Stock Exchange of Milan under the trading symbol “LTO”. In 2007, the Company had approximately €1.7 billion in revenues and 5,900 employees in over 50 countries when combined with GTECH.

For further information:

Simone Piattelli Palmarini
Lottomatica S.p.A
Media Communications
T. (+39) 06 51899877
M. (+39) 335 5305097
Robert K. Vincent
GTECH Corporation
Public Affairs
T. (+1) 401 3927452
Giuliano Boggiali
Lottomatica S.p.A
Investor Relations
T. (+39) 06 51899020

This press release and the previous ones are available on Lottomatica and GTECH web sites: www.gruppolottomatica.it  - www.gtech.com

 

 

 




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