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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 ÂŁ1.4bn 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
27th Mar 201811:28 amRNSForm 8.3 - GVC Holdings Plc
27th Mar 201810:26 amRNSForm 8.3 - GVC Holdings plc
27th Mar 201810:03 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
27th Mar 201810:03 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
27th Mar 20189:09 amRNSForm 8.5 (EPT/NON-RI)
27th Mar 20189:04 amRNSForm 8.3 - GVC Holdings plc
27th Mar 20187:34 amRNSForm 8.3 - [GVC Holdings Plc]
26th Mar 20185:48 pmRNSTR1 - Notification of major holdings
26th Mar 20185:46 pmRNSTR1 - Notification of major holdings
26th Mar 20184:57 pmRNSForm 8.3 - [Ladbrokes Coral Group/GVC Holdings]
26th Mar 20183:38 pmRNSForm 8.3 - Ladbrokes Coral Group plc
26th Mar 20183:33 pmRNSForm 8.3 - GVC Holdings plc
26th Mar 20183:25 pmBUSForm 8.3 - GVC Holdings plc
26th Mar 20183:21 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20183:09 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20182:52 pmBUSForm 8.3 - GVC Holdings plc
26th Mar 20182:42 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20182:42 pmRNSForm 8.3 - GVC Holdings plc
26th Mar 20182:41 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20182:31 pmRNSForm 8.3 - GVC Holdings plc
26th Mar 20182:26 pmRNSForm 8.3 - Ladbrokes Coral Group PLC
26th Mar 20182:06 pmRNSForm 8.3 - Replacement 2 GVC Holdings plc
26th Mar 20182:01 pmRNSForm 8.3 - GVC Holdings PLC
26th Mar 20181:55 pmBUSFORM 8.3 - GVC Holdings plc
26th Mar 20181:54 pmRNSForm 8.3 - GVC Holdings Plc
26th Mar 20181:40 pmRNSForm 8.3 - GVC Holdings plc
26th Mar 20181:30 pmRNSResult of Scheme Sanction Hearing
26th Mar 20181:30 pmRNSCourt sanction of scheme of arrangement
26th Mar 201811:55 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
26th Mar 201811:55 amRNSForm 8.3 - GVC Holdings plc
26th Mar 201811:52 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
26th Mar 201811:44 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
26th Mar 201811:37 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
26th Mar 201811:33 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
26th Mar 201811:24 amRNSForm 8.3 - [GVC Holdings Plc]
26th Mar 201811:24 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
26th Mar 201811:04 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
26th Mar 201810:04 amRNSForm 8.5 (EPT/NON-RI)
26th Mar 20189:58 amRNSForm 8.3 - GVC Holdings Plc
26th Mar 20189:52 amRNSForm 8.3 - LADBROKES CORAL GROUP / GVC HOLDINGS
26th Mar 20189:51 amRNSForm 8.3 - GVC HOLDINGS / LADBROKES CORAL GROUP
26th Mar 20189:18 amRNSForm 8.3 - GVC Holdings plc
26th Mar 20189:13 amRNSForm 8.3 - Ladbrokes Coral Group
26th Mar 20188:36 amRNSForm 8.3 - [GVC Holdings Plc]
26th Mar 20188:33 amRNSForm 8.3 - [Ladbroke Coral Group Plc]
23rd Mar 20185:23 pmRNSForm 8.3 - GVC Holdings Plc
23rd Mar 20185:17 pmRNSForm 8.3 - GVC Holdings Plc - Amendment
23rd Mar 20184:52 pmBUSForm 8.3 - GVC Holdings plc Amendment
23rd Mar 20184:30 pmBUSForm 8.3 - GVC Holdings plc Amendment

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