Intralot SA could cede part of its equity to bondholders as it seeks to restructure 750 million euros ($925 million) of bonds.
The Greek gaming company, which saw revenue plummet in the first nine months of 2020, and creditors are discussing a plan that would slash Intralot’s debt load and allow the firm to repay part of obligations in cash, according to people familiar with the matter, who asked not to be identified because the talks are private. In exchange, creditors would get a stake in the firm and a new bond that’s secured on assets, the people said.
The ...
