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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
29th Mar 201810:42 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
29th Mar 201810:40 amRNSForm 8.5 (EPT/RI)- Ladbrokes Coral Group
29th Mar 20189:49 amRNSForm 8.3 - GVC Holdings Plc
29th Mar 20189:48 amRNSNotification of Major Holdings
29th Mar 20188:30 amRNSAdmission of the New GVC Shares
29th Mar 20188:30 amRNSAdmission Announcement
29th Mar 20187:41 amRNSForm 8 (DD) - offeree - revised
28th Mar 20183:21 pmRNSForm 8.3 - GVC Holdings plc
28th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
28th Mar 20182:59 pmRNSForm 8.3 - GVC Holdings plc
28th Mar 20182:40 pmRNSScheme of Arrangement becomes Effective
28th Mar 20182:40 pmRNSScheme of Arrangement becomes Effective
28th Mar 20182:37 pmRNSForm 8.3 - GVC Holdings plc
28th Mar 20182:29 pmBUSForm 8.3 - GVC Holdings plc
28th Mar 20182:22 pmRNSForm 8.3 - GVC Holdings Plc
28th Mar 20182:15 pmRNSForm 8.3 - GVC Holdings Plc
28th Mar 20182:10 pmRNSForm 8.3 - GVC Holdings Plc
28th Mar 20181:44 pmRNSForm 8.3 - GVC Holdings Plc
28th Mar 201812:56 pmRNSForm 8.3 - GVC Holdings PLC
28th Mar 201812:23 pmBUSFORM 8.3 - GVC HOLDINGS PLC
28th Mar 201810:54 amRNSForm 8.3 - GVC Holdings plc
28th Mar 201810:52 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
28th Mar 201810:04 amRNSForm 8.5 (EPT/RI)- GVC Holdings PLC
28th Mar 20189:58 amRNSForm 8.5 (EPT/RI)- Ladbrokes Coral Group
28th Mar 20189:49 amRNSForm 8.3 - GVC Holdings PLC
28th Mar 20189:29 amRNSForm 8.3 - GVC Holdings plc
28th Mar 20189:25 amRNSTR-1- Notification of major holdings
28th Mar 20189:23 amBUSForm 8.3 - Informa Plc
28th Mar 20189:21 amBUSForm 8.3 - GVC Holdings Plc
28th Mar 20187:45 amRNSForm 8 (DD) - offeree - Ladbrokes Coral Group plc
28th Mar 20187:40 amRNSForm 8 (DD) - Ladbrokes Coral Group plc
28th Mar 20187:39 amRNSForm 8 (DD) - offeree
27th Mar 20185:18 pmRNSForm 8.3 - [Ladbrokes Coral Group/GVC Holdings]
27th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc
27th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings plc
27th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
27th Mar 20182:58 pmBUSFORM 8.3 - GVC HOLDINGS PLC
27th Mar 20182:57 pmRNSForm 8.3 - [Ladbrokes Coral Group/GVC Holdings]
27th Mar 20182:36 pmBUSForm 8.3 - GVC Holdings plc
27th Mar 20182:32 pmRNSForm 8.3 - GVC Holdings plc
27th Mar 20182:31 pmRNSForm 8.3 - GVC Holdings Plc
27th Mar 20182:18 pmRNSForm 8.3 - GVC Holdings Plc
27th Mar 20182:11 pmRNSForm 8.3 - GVC Holdings PLC
27th Mar 20182:06 pmRNSForm 8.3 - GVC Holdings PLC
27th Mar 20181:30 pmRNSForm 8.3 - GVC Holdings plc
27th Mar 20181:30 pmRNSForm 8.3 - GVC HOLDINGS PLC
27th Mar 201811:47 amRNSForm 8.3 - GVC Holdings plc
27th Mar 201811:46 amRNSForm 8.3 - Amendment GVC Holdings plc
27th Mar 201811:31 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
27th Mar 201811:30 amRNSForm 8.3 - [GVC Holding plc]

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