Debt Allocation


GVC Holdings PLC, the multinational sports betting and gaming group, has successfully priced and allocated the debt financing package supporting its intended acquisition of Ladbrokes Coral Plc (LSE:LCL).

The final sizing and pricing for the three tranches of the proposed 6 year First Lien Term Loan B is as follows:

  • EUR 625m at E+275 (0% floor) at 99.5
  • USD 800m at L+250 (1% floor) at 99.75
  • GBP 275m at L+350 (0% floor) at 99.5

The First Lien Term Loan B is accompanied by a new £550m multi-currency 5 year RCF priced at E+275 (0% floor). The availability of the First Lien Term Loan B and RCF are subject to successful completion of the acquisition of Ladbrokes Coral Group plc.


LEI: 213800GNI3K45LQR8L28


For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Tel: +44 (0) 1624 652 559
Paul Miles, Chief Financial Officer Tel: +44 (0) 20 3938 0079
Nick Batram, Head of Investor Relations & Corporate Strategy Tel: +44 (0) 20 3938 0066
Media enquiries:  
Buchanan Communications  
David Rydell Tel: +44 (0) 20 7466 5066


About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both B2C and B2B markets. GVC has four business segments with a number of brands; Sports Brands (bwin, Sportingbet, Gamebookers), Games Brands (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), B2B and non-core assets. GVC acquired digital entertainment plc on 1 February 2016.  The Group is headquartered in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 18 countries.

For more information see the Group’s website: