19 Mar 2018 07:00
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.
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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