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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
8th Mar 201812:52 pmRNSForm 8.3 - GVC Holdings Plc
8th Mar 201812:34 pmBUSForm 8.3 - GVC HOLDINGS PLC
8th Mar 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
8th Mar 201811:45 amRNSForm 8.3 - GVC Holdings Plc
8th Mar 201811:28 amRNSForm 8.3 - [offeree/offeror]Ladbrokes Coral Group
8th Mar 201811:24 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
8th Mar 201811:01 amRNSOffer Update
8th Mar 201810:56 amBUSForm 8.3 - GVC Holding
8th Mar 201810:52 amBUSForm 8.3 - GVC Holdings Plc
8th Mar 201810:11 amRNSForm 8.5 (EPT/NON-RI)
8th Mar 20189:58 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
8th Mar 20189:57 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
8th Mar 20189:38 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
8th Mar 20189:07 amRNSForm 8.3 - Ladbrokes Coral Group
8th Mar 20188:53 amPRNForm 8.3 - GVC Holdings PLC
8th Mar 20188:45 amPRNForm 8.3 - Ladbrokes Coral Group PLC
8th Mar 20187:39 amRNSForm 8.3 - [GVC HOLDINGS PLC]
7th Mar 20183:20 pmRNSForm 8.3 - [GVC Holdings Plc]
7th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
7th Mar 20182:26 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
7th Mar 20182:14 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
7th Mar 201812:40 pmRNSForm 8.3 - GVC Holdings plc
7th Mar 201812:10 pmBUSFORM 8.3 - GVC HOLDINGS PLC
7th Mar 201811:56 amPRNForm 8.3 - GVC Holdings PLC
7th Mar 201811:46 amRNSForm 8.5 (EPT/RI)Amendment Ladbrokes Coral Group
7th Mar 201811:42 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
7th Mar 201811:40 amRNSForm 8.5 (EPT/RI) Ladbrokes Coral Group
7th Mar 201811:34 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
7th Mar 201811:25 amRNSForm 8.5 (EPT/NON-RI)
7th Mar 201811:17 amBUSForm 8.3 - GVC Holding
7th Mar 201811:08 amRNSForm 8.3 - GVC Holdings Plc
7th Mar 201810:28 amRNSForm 8.3 - GVC Holdings plc
7th Mar 201810:05 amRNSForm 8.3 - Ladbrokes Coral Group
7th Mar 20189:59 amRNSForm 8.3 -GVC HOLDINGS/LADBROKES CORAL GROUP
7th Mar 20188:09 amRNSForm 8.3 - GVC Holdings plc
7th Mar 20187:01 amBUSForm 8.3 - GVC Holdings PLC
6th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
6th Mar 20183:11 pmRNSForm 8.3 - GVC Holdings Plc
6th Mar 20183:08 pmRNSForm 8.3 - [GVC Holdings Plc]
6th Mar 20182:07 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
6th Mar 20181:33 pmRNSForm 8.3 - GVC
6th Mar 201812:43 pmBUSForm 8.3 - GVC Holdings plc
6th Mar 201812:33 pmBUSForm 8.3 - GVC HOLDINGS PLC
6th Mar 201812:08 pmRNSForm 8.3 - GVC Holdings Plc
6th Mar 201812:00 pmRNSForm 8.5 (EPT/NON-RI)
6th Mar 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
6th Mar 201811:39 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
6th Mar 201811:21 amPRNForm 8.3 - GVC Holdings PLC
6th Mar 201811:03 amRNSForm 8.3 - GVC Holdings Plc
6th Mar 201811:03 amRNSForm 8.3 -GVC HOLDINGS/ LADBROKES CORAL GROUP

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