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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
15th Feb 20182:34 pmRNSForm 8.3 - GVC Holdings Plc
15th Feb 20182:30 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
15th Feb 20182:12 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
15th Feb 20182:12 pmRNSForm 8.3 - GVC HOLDINGS PLC
15th Feb 20182:12 pmRNSForm 8.3 - GVC Holdings Plc
15th Feb 20182:07 pmRNSForm 8.3 - [GVC Holdings Plc]
15th Feb 201812:00 pmBUSForm 8.3 - GVC HOLDINGS PLC
15th Feb 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
15th Feb 201811:39 amRNSForm 8.5 (EPT/RI) GVC Amendment
15th Feb 201811:35 amRNSForm 8.5 (EPT/RI) GVC
15th Feb 201811:33 amRNSForm 8.5 (EPT/RI) Ladbrokes
15th Feb 201811:04 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
15th Feb 20189:41 amRNSForm 8.5 (EPT/NON-RI)
15th Feb 20189:22 amPRNForm 8.3 - GVC Holdings PLC
15th Feb 20189:11 amRNSForm 8.3 - GVC HOLDINGS/ Ladbrokes Coral Group
15th Feb 20189:09 amBUSForm 8.3 - GVC Holdings Plc
15th Feb 20189:07 amRNSForm 8.3 - [offeree/offeror]Ladbrokes Coral Group
15th Feb 20189:04 amRNSForm 8.3 - [offeree/offeror]Ladbrokes Coral Group
15th Feb 20187:46 amRNSRule 2.9 Announcement
15th Feb 20187:33 amRNSForm 8.3 - Ladbrokes Coral Group
15th Feb 20187:01 amBUSForm 8.3 - GVC Holdings PLC
14th Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
14th Feb 20183:16 pmRNSForm 8.3 - [GVC Holdings Plc]
14th Feb 20183:04 pmRNSForm 8.3 - GVC Holdings PLC
14th Feb 20183:00 pmBUSForm 8.3 - GVC Holdings Plc
14th Feb 20182:46 pmRNSForm 8.3 - GVC Holdings Plc
14th Feb 20182:43 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
14th Feb 201812:31 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
14th Feb 201812:30 pmRNSForm 8.3 - GVC Holdings Plc
14th Feb 201812:21 pmBUSFORM 8.3 - GVC HOLDINGS plc
14th Feb 201811:55 amRNSForm 8.3 - Ladbrokes Coral Group plc
14th Feb 201811:47 amRNSForm 8.5 (EPT/RI) GVC Amendment
14th Feb 201811:27 amRNSForm 8.5 (EPT/RI) - Ladbrokes
14th Feb 201811:24 amRNSForm 8.5 (EPT/RI) - GVC
14th Feb 201810:55 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
14th Feb 20189:32 amRNSForm 8.3 - GVC HOLDINGS/ LADBROKE CORAL GROUP
14th Feb 20189:01 amPRNForm 8.3 - GVC Holdings PLC
14th Feb 20187:55 amRNSForm 8.3 - GVC Holdings plc
14th Feb 20187:53 amRNSForm 8.3 - Ladbrokes Coral Group
14th Feb 20187:01 amBUSForm 8.3 - GVC Holdings PLC
13th Feb 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
13th Feb 20183:12 pmRNSForm 8.3 - GVC Holdings Plc
13th Feb 20183:09 pmRNSForm 8.3 - GVC Holdings Plc
13th Feb 20183:05 pmRNSForm 8.3 - GVC Holdings Plc
13th Feb 20183:00 pmBUSForm 8.3 - GVC Holdings Plc
13th Feb 20182:59 pmRNSForm 8.3 - Ladbrokes Coral Group plc
13th Feb 20182:50 pmRNSForm 8.3 - GVC Holdings plc
13th Feb 20182:49 pmRNSForm 8.3 - GVC Holdings Plc
13th Feb 20182:37 pmRNSLaunch of Consent Solicitation in respect of Bonds
13th Feb 20182:17 pmRNSForm 8.3 - GVC Holdings Plc

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