logo-loader
RNS
viewGVC Holdings

Debt Issuance

/**/ ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: #0563C1 }visited{ color: #954F72 } .q{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.q{}p.a,li.a,div.a{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";}span.ap{font-size:10.0pt;line-height:107%;font-family: "Arial","sans-serif"}p.ar{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align: center}span.ao{font-size:10.0pt;line-height:107%;font-family:"Arial","sans-serif"}span.an{font-size:12.0pt;line-height:107%; font-family:"Arial","sans-serif";color:#333333}p.as{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: center}span.al{font-size:10.0pt;line-height:107%;font-family:"Arial","sans-serif"; color:#333333}p.at{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify} span.aj{font-size:10.0pt; line-height:107%;font-family:"Arial","sans-serif";color:#333333}span.ah{font-size:10.0pt; line-height:107%;font-family:"Arial","sans-serif"}p.au{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm; text-align: justify}span.ag{font-size:10.0pt;font-family:"Arial","sans-serif"; color:black}p.av{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm}span.ae{font-family:"Arial","sans-serif";color:black}table.aw{width:406.95pt}tr.x{height:1.0pt}td.ab{width:67.92%;padding:2.25pt 2.25pt 2.25pt 0cm; height:1.0pt}span.ac{font-size:10.0pt;font-family: "Arial","sans-serif"} td.y{width:32.08%;padding:2.25pt 2.25pt 2.25pt 0cm; height:1.0pt}p.ax{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; margin-bottom: 0cm; text-align: right}span.aa{font-size:10.0pt; font-family:"Arial","sans-serif"}p.ay{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal}span.w{font-size:10.0pt;font-family:"Arial","sans-serif"}p.az{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}p.ba{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm; text-align: justify}p.bb{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify}p.bc{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin:0cm;margin-bottom:.0001pt;text-align:justify}p.bd{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin:0cm;margin-bottom:.0001pt;text-align:justify} /**/
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

([email protected])

 

 

Media enquiries:

 

Buchanan Communications

 

David Rydell / Jamie Hooper

Tel: +44 (0) 20 7466 5066

 

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 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
IODLTMPTMBBMMML

Quick facts: GVC Holdings

Price: 825

Market: AIM
Market Cap: £4.8 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE