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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
2nd Mar 20189:34 amRNSForm 8.5 (EPT/NON-RI)
2nd Mar 20188:17 amRNSForm 8.3 - GVC Holdings plc
2nd Mar 20188:16 amRNSForm 8.3 - Ladbrokes Coral Group Plc
1st Mar 20183:23 pmRNSForm 8.3 - Ladbrokes Coral Group plc
1st Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
1st Mar 20183:18 pmRNSForm 8.3 - GVC Holdings plc
1st Mar 20183:16 pmRNSForm 8.3 - GVC Holdings Plc
1st Mar 20182:51 pmRNSForm 8.3 - GVC Holdings Plc
1st Mar 20181:39 pmRNSForm 8.3 - GVC Holdings Plc
1st Mar 20181:37 pmRNSForm 8.3 - GVC Holdings Plc
1st Mar 201812:44 pmRNSDebt Syndication
1st Mar 201812:18 pmBUSForm 8.3 - GVC HOLDINGS PLC
1st Mar 201811:55 amRNSTotal Voting Rights
1st Mar 201811:21 amRNSForm 8.5 (EPT/RI) Ladbrokes Coral Group
1st Mar 201811:19 amRNSForm 8.3 - GVC Holdings plc
1st Mar 201811:19 amRNSForm 8.5 (EPT/RI) Amendment Ladbrokes Coral Group
1st Mar 201811:00 amRNSForm 8.5 (EPT/RI) GVC Holdings Plc
1st Mar 201810:46 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
1st Mar 201810:17 amRNSForm 8.3 - [offeree/offeror]Ladbrokes Coral Group
1st Mar 201810:15 amRNSForm 8.3 - [offeree/offeror]GVC Holdings plc
1st Mar 20189:53 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
1st Mar 20189:29 amRNSForm 8.3 - GVC Holdings Plc
1st Mar 20189:16 amBUSForm 8.3 - GVC Holdings Plc
1st Mar 20187:37 amRNSForm 8.3 - [GVC Holdings Plc]
28th Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
28th Feb 20182:50 pmRNSForm 8.3 - GVC Holdings Plc
28th Feb 20182:29 pmRNSForm 8.3 - GVC Holdings Plc
28th Feb 20182:27 pmRNSForm 8.3 - GVC Holdings plc
28th Feb 20182:05 pmRNSForm 8.3 - GVC Holdings Plc
28th Feb 20181:40 pmBUSForm 8.3 - GVC Holdings plc
28th Feb 20181:17 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
28th Feb 201812:48 pmBUSFORM 8.3 - GVC HOLDINGS PLC
28th Feb 201812:15 pmRNSForm 8.3 - [GVC Holdings]
28th Feb 201811:58 amRNSForm 8.5 (EPT/RI) LadbrokesCoral
28th Feb 201811:57 amRNSForm 8.5 (EPT/RI) - GVC Holding-Amendment
28th Feb 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
28th Feb 201811:52 amRNSForm 8.5 (EPT/RI) GVCHoldingsplc
28th Feb 201811:35 amRNSForm 8.3 - GVC Holdings Plc
28th Feb 201811:18 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
28th Feb 201811:04 amRNSForm 8.5 (EPT/NON-RI)
28th Feb 201810:33 amPRNForm 8.3 - GVC Holdings PLC
28th Feb 201810:19 amBUSForm 8.3 - GVC Holdings Plc
28th Feb 201810:18 amRNSForm 8.3 - GVC Holdings plc
28th Feb 201810:16 amRNSForm 8.3 - Ladbrokes Coral Group
28th Feb 201810:13 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
28th Feb 201810:10 amRNSForm 8.3 - GVC Holdings Plc
28th Feb 20189:07 amRNSForm 8.3 - [GVC Holdings PLC]
27th Feb 20183:28 pmRNSForm 8.3 - GVC Holdings Plc
27th Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
27th Feb 20183:14 pmRNSForm 8.3 - Ladbrokes Coral Group plc

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