Bally’s Intralot has secured a £261.7 million debt facility with institutional lenders to fund its ongoing acquisition strategy. The financing arrangement was finalized as shareholders prepare to vote on the proposed takeover of Evoke plc.
Capital Allocation and Transaction Timeline
The company disclosed that the new loan will directly support its capital requirements for future purchases. Institutional lenders provided the facility to ensure sufficient liquidity for the gambling operator’s expansion plans. The funding mechanism aligns with Bally’s Intralot’s broader strategy to strengthen its market position through strategic buyouts.Shareholder approval for the Evoke plc acquisition remains the next procedural step. The vote will determine whether the proposed merger proceeds to the final implementation phase. Bally’s Intralot continues to manage the transaction timeline while maintaining operational stability across its existing divisions.
Earlier this year, Bally’s Intralot announced its intention to acquire Evoke plc as part of a consolidated restructuring plan. The initial proposal outlined the financial terms and strategic rationale for combining the two entities.