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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
 
END
 
 
MSCEASDSELKPEFF
Date   Source Headline
23rd Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
23rd Feb 20183:08 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
23rd Feb 20183:08 pmRNSForm 8.3 - GVC Holdings Plc
23rd Feb 20182:35 pmRNSForm 8.3 - GVC Holdings Plc
23rd Feb 20182:32 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
23rd Feb 20182:21 pmBUSForm 8.3 - GVC Holdings Plc
23rd Feb 201812:53 pmBUSForm 8.3 - GVC HOLDINGS PLC
23rd Feb 201812:29 pmPRNForm 8.3 - GVC Holdings PLC
23rd Feb 201812:10 pmRNSForm 8.3 - GVC Holdings Plc
23rd Feb 201811:20 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
23rd Feb 201811:04 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
23rd Feb 201810:59 amRNSForm 8.5 (EPT/RI) - ladbrokes Coral Group plc
23rd Feb 201810:52 amRNSForm 8.3 - GVC Holdings plc
23rd Feb 201810:21 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
23rd Feb 20189:36 amRNSForm 8.3 - GVC Holdings Plc
23rd Feb 20189:05 amRNSForm 8.3 - Ladbrokes Coral Group
23rd Feb 20189:03 amRNSForm 8.3 - [offeree/offeror]GVC Holdings plc
23rd Feb 20188:11 amRNSForm 8.3 - [Ladbroke Coral Group Plc]
23rd Feb 20188:09 amRNSForm 8.3 - [GVC Holdings Plc]
22nd Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
22nd Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
22nd Feb 20183:15 pmRNSForm 8.3 - [GVC Holdings Plc]
22nd Feb 20183:08 pmRNSForm 8.3 - Ladbrokes Coral Group plc
22nd Feb 20183:04 pmRNSForm 8.3 - GVC Holdings plc
22nd Feb 20183:00 pmRNSForm 8.3 - GVC Holdings Plc
22nd Feb 20182:36 pmRNSForm 8.3 - GVC Holdings Plc
22nd Feb 20182:34 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
22nd Feb 20182:07 pmRNSForm 8.3 - GVC Holdings plc
22nd Feb 20181:33 pmRNSForm 8.3 - GVC Holdings Plc
22nd Feb 20181:25 pmRNSForm 8.3 - [GVC Holdings plc]
22nd Feb 201812:19 pmBUSForm 8.3 - GVC HOLDINGS PLC
22nd Feb 201812:14 pmRNSForm 8.3 - GVC Holdings PLC
22nd Feb 201812:14 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
22nd Feb 201810:55 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
22nd Feb 201810:45 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group PLC
22nd Feb 201810:43 amRNSForm 8.3 - [offeree/offeror] GVC Holdings plc
22nd Feb 201810:31 amRNSForm 8.3 - [Ladbrokes Coral Group]
22nd Feb 201810:27 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
22nd Feb 20189:48 amRNSForm 8.3 - [offeree/offeror]GVC Holdings plc
22nd Feb 20189:44 amRNSForm 8.3 - GVC HOLDINGS/ LADBROKES CORAL GROUP
22nd Feb 20189:20 amPRNForm 8.3 - GVC Holdings PLC
22nd Feb 20189:15 amRNSForm 8.5 (EPT/NON-RI)
22nd Feb 20188:53 amBUSForm 8.3 - GVC Holdings Plc
22nd Feb 20187:58 amRNSForm 8.3 - [Ladbroke Coral]
22nd Feb 20187:49 amRNSForm 8.3 - [GVC Holdings]
22nd Feb 20187:17 amRNSForm 8.3 - [GVC Holding]
21st Feb 20185:22 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
21st Feb 20184:15 pmBUSForm 8.3 - GVC HOLDING
21st Feb 20183:43 pmRNSForm 8.3 - [GVC Holdings PLC]
21st Feb 20183:39 pmRNSForm 8.3 - GVC Holdings plc

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