IN BRIEF: Playtech prices EUR300 million bond offering due in 2028
Playtech PLC - Isle of Man-based gambling software development company - Prices EUR300 million 5.875% senior secured notes due in 2028. Says the new notes have assigned a rating of BB by S&P Global Ratings UK Ltd and Ba2 by Moody's Investors Service Ltd upon issue. Says net proceeds will be used by Playtech to redeem all of the outstanding EUR200 million 3.75% senior secured notes due in 2023, to pay accrued interest thereon, to repay outstanding debt under its revolving credit facility, to pay for other transaction-related costs and expenses, and for general corporate purposes. Read More