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 bwin.party 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: www.gvc-plc.com