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Pin to quick picksPlaytech Share News (PTEC)

Share Price Information for Playtech (PTEC)

London Stock Exchange
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Share Price: 479.50
Bid: 481.00
Ask: 483.00
Change: -5.00 (-1.03%)
Spread: 2.00 (0.416%)
Open: 471.00
High: 483.50
Low: 471.00
Prev. Close: 484.50
PTEC Live PriceLast checked at -

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IN BRIEF: Playtech closes EUR300 million senior secured notes offering

Wed, 28th Jun 2023 17:13

Playtech PLC - Isle of Man-based gambling software development company - Following announcement on Wednesday last week that it priced EUR300 million 5.875% senior secured notes due in 2028, confirms it has successfully closed the issue of the new notes.

On Wednesday last week, Playtech said the new notes have assigned a rating of BB by S&P Global Ratings UK Ltd and Ba2 by Moody's Investors Service Ltd upon issue. The net proceeds will be used by Playtech to redeem all of the outstanding EUR200 million 3.75% senior secured notes due in 2023, to pay accrued interest thereon, to repay outstanding debt under its revolving credit facility, to pay for other transaction-related costs and expenses, and for general corporate purposes.

Current stock price: 580.87 pence, up 0.9%

12-month change: up 5.3%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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