5 Mar 2018 15:48
5 March 2018
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GVC Holdings PLC
("GVC" or the "Group")
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Credit Rating
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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.
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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 Â Tel: +44 (0) 20 3938 0079 Tel: +44 (0) 20 3938 0066 |
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Media enquiries:
Buchanan Communications | |
David Rydell | Tel: +44 (0) 20 7466 5066 |
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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.
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For more information see the Group's website: www.gvc-plc.com
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