19 Mar 2018 07:00
19 March 2018
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GVC Holdings PLC
("GVC" or the "Group")
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Debt Allocation
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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 ÂŁ550m 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
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For further information:
GVC Holdings PLC | Â |
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 |
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Media enquiries:
Buchanan Communications | Â |
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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