Lottomatica Prices €765 Million Senior Secured Notes to Refinance Debt and Cut Interest Costs

The latest announcement is out from Lottomatica Group S.P.A. ( (IT:LTMC) ).

Lottomatica Group S.p.A. has priced €765 million of 4.625% senior secured notes due 2032 at par, with closing expected on May 7, 2026, and plans to list the securities on the Luxembourg Stock Exchange’s Euro MTF Market and obtain a secondary listing on Euronext Access Milan. The notes, offered to qualified institutional and non-U.S. investors under Rule 144A and Regulation S, will be secured over key bank accounts, intercompany receivables and shareholdings in core subsidiaries, and will carry covenants restricting additional indebtedness, liens and certain corporate transactions.

Proceeds will be used to fully redeem €400 million of floating rate senior secured notes due 2031, fund general corporate purposes including a potential share buyback and bolt-on acquisitions, and cover related fees and expenses. By refinancing part of its existing floating rate debt with these fixed-rate notes, the company expects to cut run-rate gross interest expenses on the refinanced portion of its indebtedness by about €5.5 million annually, strengthening its capital structure and providing greater financial flexibility for future strategic initiatives.

The most recent analyst rating on (IT:LTMC) stock is a Buy with a EUR31.00 price target. To see the full list of analyst forecasts on Lottomatica Group S.P.A. stock, see the IT:LTMC Stock Forecast page.

More about Lottomatica Group S.P.A.

Lottomatica Group S.p.A. is an Italian joint-stock company operating in the gaming and betting sector, offering lottery, gaming and related services primarily in European markets. The company focuses on regulated gaming activities and associated digital and retail solutions, targeting institutional investors through debt capital markets for its financing needs.

Average Trading Volume: 1,091,280

Technical Sentiment Signal: Buy

Current Market Cap: €6.79B

See more data about LTMC stock on TipRanks’ Stock Analysis page.