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Jackpotjoy completion of debt facility

14th Dec 2017 14:49

RNS Number : 4083Z
Jackpotjoy PLC
14 December 2017
 

 

JACKPOTJOY COMPLETES £388.5M SENIOR SECURED TERM AND REVOLVING CREDIT FACILITY

 

LONDON (UK) 14 December 2017 - Jackpotjoy plc (the "Company") (LSE:JPJ), the largest online bingo-led operator in the world, is pleased to announce that it has formally completed its c.£388.5 million Senior Secured Term and Revolving Credit Facility. Initially announced on 27 November 2017, the facilities comprise of a c.£375 million equivalent term loan and a £13.5 million revolving credit facility. Proceeds of the term facility have been used to repay existing first and second lien term loans.

 

Standard & Poor's has maintained its credit rating for the Company at B+, while Moody's has upgraded its rating to B1.

 

About Jackpotjoy plc

 

Jackpotjoy plc is the parent company of an online gaming group that provides entertainment to a global consumer base through its subsidiaries. Jackpotjoy plc currently offers bingo and casino games to its customers through its subsidiaries using the InterCasino (www.intercasino.com), Costa (www.costabingo.com), Vera&John (www.verajohn.com), Jackpotjoy (www.jackpotjoy.com), Starspins (www.starspins.com) and Botemania (www.botemania.es) brands. For more information about Jackpotjoy plc, please visit www.jackpotjoyplc.com.

 

Enquiries:

Jackpotjoy plc

Jason Holden, Director of Investor Relations

+44 (0) 203 907 4032

+44 (0) 7812 142118

jason.holden@jpj.com

 

Jackpotjoy Group

Amanda Brewer, Vice President of Corporate Communications

+1 416 720-8150

amanda.brewer@jackpotjoygroup.com

 

Finsbury

James Leviton

Andy Parnis

+44 (0) 207 251 3801

jackpotjoy@finsbury.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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