Debt Repricing and Allocation

Jay DossetterNews

11 February 2019

GVC Holdings PLC
(“GVC” or the “Group”) 

Debt Repricing and Allocation

GVC Holdings PLC (LSE:GVC), the global sports-betting and gaming group, has today announced the repricing and allocation of its existing $786m First Lien Term Loan B in USD.   GVC has also taken this opportunity to simplify its debt structure and move the borrowing under GVC's wholly owned subsidiary, GVC Holdings (Gibraltar) Limited, which is the existing borrower for the €1,125m First Lien Term Loan B issued in September 2019. This is a leverage neutral transaction.

The new USD Term Loan B’s pricing is USD LIBOR+225bps1 and was allocated at par, which represents a saving of 25bps versus the existing pricing.

GVC’s CFO, Rob Wood, commented:

"The repricing is another demonstration of the Group’s increasing standing in the international debt markets, and I would like to personally thank our lenders for their continued support."

1 Subject to margin ratchet

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LEI: 213800GNI3K45LQR8L28


GVC Holdings PLC

Robert Hoskin, Company Secretary

Tel: +350 200 78700



Tel: 0207 250 1446

Rob Greening / Elly Williamson

About GVC
GVC Holdings PLC is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector.  The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US.  The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.

For more information see the Group's website: