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Debt Allocation

19 Mar 2018 07:00

RNS Number : 0452I
GVC Holdings PLC
19 March 2018
 

19 March 2018

 

 

 

GVC Holdings PLC

("GVC" or the "Group")

 

Debt Allocation

 

GVC Holdings PLC, the multinational sports betting and gaming group, has successfully priced and allocated the debt financing package supporting its intended acquisition of Ladbrokes Coral Plc (LSE:LCL).

The final sizing and pricing for the three tranches of the proposed 6 year First Lien Term Loan B is as follows:

· EUR 625m at E+275 (0% floor) at 99.5

· USD 800m at L+250 (1% floor) at 99.75

· GBP 275m at L+350 (0% floor) at 99.5

The First Lien Term Loan B is accompanied by a new £550m multi-currency 5 year RCF priced at E+275 (0% floor). The availability of the First Lien Term Loan B and RCF are subject to successful completion of the acquisition of Ladbrokes Coral Group plc.

- ends -

 

LEI: 213800GNI3K45LQR8L28

 

 

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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MSCUNANRWWAOAAR
Date   Source Headline
6th Mar 201810:57 amRNSForm 8.5 (EPT/RI) - GVC Holdings PLC
6th Mar 201810:56 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
6th Mar 201810:56 amBUSForm 8.3 - GVC Holding
6th Mar 201810:52 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral -Amendment
6th Mar 201810:40 amRNSForm 8.3 - GVC Holdings plc
6th Mar 20188:45 amRNSForm 8.3 - GVC Holdings plc
6th Mar 20188:43 amRNSForm 8.3 - Ladbrokes Coral Group
6th Mar 20188:22 amRNSForm 8.3 - [Ladbrokes Coral Grp]
6th Mar 20187:01 amBUSForm 8.3 - GVC Holdings PLC
5th Mar 20185:10 pmRNSForm 8.3 - GVC Holdings PLC
5th Mar 20183:48 pmRNSCredit Rating
5th Mar 20183:37 pmRNSForm 8.3 - [GVC Holdings Plc]
5th Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
5th Mar 20183:13 pmRNSForm 8.3 - Ladbrokes Coral Group plc
5th Mar 20182:58 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
5th Mar 20182:57 pmBUSForm 8.3 - GVC HOLDINGS PLC
5th Mar 20181:51 pmRNSForm 8.3 - GVC Holdings Plc
5th Mar 20181:32 pmBUSForm 8.3 - GVC Holdings plc
5th Mar 201812:36 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
5th Mar 201812:02 pmRNSForm 8.3 - [GVC Holdings PLC]
5th Mar 201811:59 amRNSForm 8.3 - Ladbrokes Coral
5th Mar 201811:05 amRNSForm 8.3 - GVC Holdings Plc
5th Mar 201810:57 amRNSForm 8.5 (EPT/RI) GVC Holdings plc
5th Mar 201810:55 amRNSForm 8.5 (EPT/RI) - GVC Holding Plc
5th Mar 201810:51 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral Group
5th Mar 201810:48 amRNSForm 8.5 (EPT/RI) - Ladbrokes Coral - Amendment
5th Mar 201810:28 amRNSForm 8.5 (EPT/NON-RI)
5th Mar 20189:35 amRNSForm 8.3 - GVC HOLDINGS/LADBROKES CORAL GROUP
5th Mar 20188:57 amRNSForm 8.3 - GVC Holdings plc
5th Mar 20188:44 amRNSForm 8.3 - Ladbrokes Coral Group
5th Mar 20187:01 amBUSForm 8.3 - GVC Holdings PLC
5th Mar 20187:00 amRNSAcquisition
2nd Mar 20183:29 pmRNSForm 8.3 - GVC Holdings Plc
2nd Mar 20183:20 pmRNSForm 8.3 - GVC Holdings Plc
2nd Mar 20183:13 pmRNSForm 8.3 - GVC Holdings Plc
2nd Mar 20183:11 pmRNSForm 8.3 - GVC Holdings Plc - Amendment
2nd Mar 20183:08 pmRNSForm 8.3 - GVC Holdings PLC
2nd Mar 20182:52 pmRNSForm 8.3 - GVC Holdings PLC
2nd Mar 20181:41 pmRNSForm 8.3 - Ladbrokes Coral Group Plc
2nd Mar 201812:21 pmBUSForm 8.3 - GVC HOLDINGS PLC
2nd Mar 201812:07 pmRNSForm 8.3 - GVC Holdings plc
2nd Mar 201811:57 amRNSForm 8.5 (EPT/RI) - GVC Holdings plc
2nd Mar 201811:45 amRNSForm 8.5 (EPT/NON-RI) - Ladbrokes Coral Group
2nd Mar 201811:25 amRNSForm 8.5 (EPT/RI) - GVC Holding PLC
2nd Mar 201810:57 amRNSForm 8.5 (EPT/RI) Ladbrokes Coral Group plc
2nd Mar 201810:16 amPRNForm 8.3 - GVC Holdings PLC
2nd Mar 20189:56 amRNSForm 8.3 - GVC Holdings Plc
2nd Mar 20189:53 amRNSForm 8.3 - GVC Holdings plc
2nd Mar 20189:52 amRNSForm 8.3 - GVC HOLDINGS/ LADBROKES CORAL GROUP /
2nd Mar 20189:51 amRNSForm 8.3 - Ladbrokes Coral Group

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