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Credit Rating

5 Mar 2018 15:48

RNS Number : 7396G
GVC Holdings PLC
05 March 2018
 

5 March 2018

 

GVC Holdings PLC

("GVC" or the "Group")

 

Credit Rating

 

GVC Holdings PLC, the multinational sports betting and gaming group, has today been assigned the following long-term public credit ratings:

· Fitch Ratings: Senior secured debt rating of BB+ (Expected) and corporate rating (IDR) of BB+ (Expected) with a stable outlook

· Standard & Poor's: Senior secured debt rating of BB and corporate rating (ICR) of BB- with a CreditWatch Positive outlook pending completion of the acquisition of Ladbrokes Coral Group plc, and

· Moody's Investors Service: Senior secured debt rating of Ba2 and corporate rating (CFR) of Ba2 with a stable outlook

The above corporate ratings and proposed senior secured debt ratings (which includes the proposed £1.4bn equivalent new term loan B) assume and are subject to successful completion of the acquisition of Ladbrokes Coral Group plc.

- ends -

 

For further information:

GVC Holdings PLC

Kenneth Alexander, Chief Executive

Paul Miles, Chief Financial Officer

Nick Batram, Head of Investor Relations & Corporate Strategy

Tel: +44 (0) 1624 652 559

 Tel: +44 (0) 20 3938 0079

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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MSCEASDSELKPEFF
Date   Source Headline
16th Mar 201810:35 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
16th Mar 20188:50 amRNSForm 8.3 - [offeree/offeror]GVC Holdings plc
16th Mar 20188:48 amRNSForm 8.3 - [offeree/offeror]Ladbrokes Coral Group
15th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc
15th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
15th Mar 20182:47 pmBUSForm 8.3 - GVC HOLDINGS PLC
15th Mar 20182:30 pmRNSForm 8.3 - GVC Holdings Plc
15th Mar 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
15th Mar 201811:16 amBUSForm 8.3 - GVC Holdings
15th Mar 201811:15 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
15th Mar 201810:46 amRNSForm 8.3 - GVC Holdings Plc
15th Mar 201810:29 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
15th Mar 201810:27 amRNSForm 8.5 (EPT/RI)- Ladbrokes Coral Group
15th Mar 20189:21 amRNSForm 8.3 - GVC Holdings plc
15th Mar 20189:12 amRNSForm 8.3 - Ladbrokes Coral Group
14th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc
14th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
14th Mar 20181:54 pmRNSForm 8.3 - GVC Holdings Plc
14th Mar 20181:54 pmRNSForm 8.3 - GVC Holdings Plc
14th Mar 20181:24 pmBUSFORM 8.3 - GVC HOLDINGS PLC
14th Mar 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
14th Mar 201811:13 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
14th Mar 201811:03 amRNSForm 8.3 - GVC Holdings Plc
14th Mar 201810:30 amRNSForm 8.3 - Ladbrokes Coral Group
14th Mar 201810:28 amRNSForm 8.5 (EPT/RI) - GVC Holding PLC
14th Mar 201810:23 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
14th Mar 201810:18 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
14th Mar 201810:14 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
14th Mar 20189:03 amRNSForm 8.3 - GVC Holdings plc
14th Mar 20189:00 amRNSForm 8.3 - ]Ladbrokes Coral Group
13th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc
13th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
13th Mar 20183:06 pmBUSForm 8.3 - GVC HOLDINGS PLC
13th Mar 20183:00 pmBUSForm 8.3 - GVC Holdings Plc
13th Mar 20182:31 pmRNSForm 8.3 - GVC Holdings Plc
13th Mar 20181:49 pmBUSForm 8.3 - GVC Holdings Plc
13th Mar 201812:58 pmRNSForm 8.3 - GVC Holdings Plc
13th Mar 201812:51 pmRNSForm 8.3 - GVC Holdings Plc - Amendment
13th Mar 201812:33 pmRNSForm 8.3 - GVC Holdings Plc
13th Mar 201811:56 amRNSForm 8.5 (EPT/RI) - GVC Holdings plc
13th Mar 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
13th Mar 201811:48 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
13th Mar 201811:19 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
13th Mar 201811:03 amRNSForm 8.3 - GVC Holdings Plc
13th Mar 201810:37 amRNSForm 8.5 (EPT/NON-RI)
13th Mar 20189:43 amRNSForm 8.3 - [offeree/offeror]GVC Holdings plc
13th Mar 20189:41 amRNSForm 8.3 - Ladbrokes Coral Group
13th Mar 20189:39 amPRNForm 8.3 - GVC Holdings PLC
12th Mar 20183:27 pmRNSPublication of Suppl.Prospcts
12th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc

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