Business
Debt Syndication
Debt Syndication.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 4197G GVC Holdings PLC 01 March 2018 \n\n \n1 March 2018\n \n \n \nGVC Holdings PLC\n \nDebt Syndication\n \nGVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, has today announced the launch of general syndication for the debt financing package supporting its intended Acquisition of Ladbrokes Coral (LSE:LCL).\nThe financing consists of £1,400 million equivalent First Lien Term Loan B (comprising £, € and US$ tranches) and a £550 million multi-currency revolving credit facility.\nProceeds from the financing will be used to satisfy the cash consideration payable to Ladbrokes Coral Shareholders, to refinance certain existing indebtedness of the Ladbrokes Coral Group, to pay certain costs and expenses and, in the case of the multicurrency revolving credit facility, for general corporate purposes.\n- ends -\n \nLEI: 213800GNI3K45LQR8L28\n \n \nFor further information:\n\n\n\n\nGVC Holdings PLC\n\n\n \n\n\n\n\nKenneth Alexander, Chief Executive \nPaul Miles, Chief Financial Officer\nNick Batram, Head of Investor Relations & Corporate Strategy\n\n\n Tel: +44 (0) 1624 652 559 \nTel: +44 (0) 20 3938 0079 \nTel: +44 (0) 20 3938 0066 \n\n\n\n\n \nMedia enquiries:\n\n\n\n\nBuchanan Communications\n\n\n \n\n\n\n\nDavid Rydell\n\n\nTel: +44 (0) 20 7466 5066 \n\n\n\n\n \nAbout GVC Holdings PLC\nGVC 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.\n \nFor more information see the Group's website: www.gvc-plc.com \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFKDDQBBKDKNK\n ","length":4762,"tagName":"div"}]