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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
21st Feb 20183:27 pmRNSForm 8.3 - [GVC Holdings Plc]
21st Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
21st Feb 20183:08 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
21st Feb 20183:08 pmRNSForm 8.3 - GVC Holdings Plc
21st Feb 20182:02 pmRNSForm 8.3 - GVC Holdings Plc
21st Feb 20182:00 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
21st Feb 201812:19 pmBUSForm 8.3 - GVC HOLDINGS PLC
21st Feb 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
21st Feb 201811:43 amRNSForm 8.3 - GVC Holdings plc
21st Feb 201810:56 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
21st Feb 201810:50 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral group
21st Feb 201810:49 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group - Amend
21st Feb 201810:46 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
21st Feb 20189:38 amRNSForm 8.3 - GVC Holdings PLC
21st Feb 20189:29 amRNSForm 8.3 - GVC Holdings Plc
21st Feb 20189:04 amRNSForm 8.3 - GVC HOLDINGS/ LADBROKES CORAL
21st Feb 20188:42 amPRNForm 8.3 - GVC Holdings PLC
20th Feb 20185:42 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:40 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:39 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:34 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:33 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:32 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20185:32 pmRNSForm 8.5 (EPT/RI) GVC Holdings plc-Amendment
20th Feb 20183:48 pmRNSForm 8.3 - [GVC Holdings Plc]
20th Feb 20183:31 pmBUSForm 8.3 - GVC Holdings PLC
20th Feb 20183:22 pmRNSForm 8.3 - GVC Holdings Plc
20th Feb 20183:22 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
20th Feb 20183:21 pmRNSForm 8.3 - GVC Holdings Plc - Amendment
20th Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
20th Feb 20183:09 pmRNSForm 8.3 - GVC Holdings Plc
20th Feb 20183:01 pmBUSForm 8.3 - GVC Holdings PLC
20th Feb 20182:50 pmRNSForm 8.3 - GVC Holdings Plc
20th Feb 20182:05 pmRNSForm 8.3 - GVC Holdinds Plc
20th Feb 20182:04 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
20th Feb 20182:00 pmRNSForm 8.3 - GVC Holdings plc
20th Feb 20181:09 pmRNSForm 8.3 - GVC Holdings Plc
20th Feb 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
20th Feb 201811:45 amRNSForm 8.3 - [GVC Holdings plc]
20th Feb 201811:33 amBUSForm 8.3 - GVC HOLDINGS PLC
20th Feb 201811:13 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
20th Feb 201811:06 amRNSForm 8.5 (EPT/RI) - GVC Holding PLC
20th Feb 201811:02 amRNSForm 8.3 - GVC Holdings Plc
20th Feb 201810:15 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
20th Feb 201810:08 amPRNForm 8.3 - GVC Holdings PLC
20th Feb 20189:41 amRNSForm 8.3 - GVC Holdings PLC
20th Feb 20189:26 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
20th Feb 20188:56 amRNSForm 8.3 - [GVC Holdings plc]
20th Feb 20188:49 amRNSForm 8.3 - [Ladbrokes Coral Group Plc]
20th Feb 20188:45 amRNSForm 8.3 - GVC Holdings plc

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