Debt Issuance

RNS Number : 8619K

GVC Holdings PLC

02 September 2019

 

2 September 2019
 

GVC Holdings PLC
("GVC" or the "Group") 

Debt Issuance

GVC Holdings PLC (LSE:GVC), the global sports-betting and gaming Group, has today announced the launch of a €200m First Lien Term Loan B.  The borrower will be GVC's wholly owned subsidiary, GVC Holdings (Gibraltar) Limited.

In a net leverage neutral transaction, and to align its debt currency structure to the evolving currency mix of the business post the Triennial Review, proceeds from the financing will be used to prepay the existing £275m First Lien Term Loan B, of which £175m currently remains outstanding.

ENDS

Enquiries:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer
Rob Wood, Chief Financial Officer
Paul Tymms, Director of Investor Relations & Corporate Communications	([e-mail])
Media enquiries:
Buchanan Communications
David Rydell / Jamie Hooper	Tel: [phone]

About GVC

GVC Holdings PLC is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector.  The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US.  The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.

For more information see the Group's website: www.gvc-plc.com 

 

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