Gamma Bondco redeems 8 1/8%/8 7/8% secured PIK notes on May 3

By Mary-Katherine Stinson

Lexington, Ky., May 3 – Gamma Bondco Sarl reported that the conditions for the previously announced early redemption of its €400 million 8 1/8%/8 7/8% senior secured PIK toggle notes due 2026 (ISINs: XS2407361281, XS2407361109) were satisfied, according to a notice.

The full redemption of the notes took place May 3.

Deutsche Bank Luxembourg SA is the registrar.

Deutsche Bank AG, London Branch is the paying agent.

As previously reported, the redemption was conditioned upon the repayment to the issuer of two intercompany loans, an original €250 million loan to Lottomatica Group SpA and an original €150 million loan to Gamma Topco Sarl, in both cases plus accrued and unpaid interest, any repayment premiums and any repayment.

Gamma Bondco is a holding company of Lottomatica SpA, an Italy-based multinational gaming company.

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