Source - Alliance News

Playtech PLC - Isle of Man-based gambling software development company - Prices €300 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 €200 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.

Current stock price: 603.12 pence, down 0.7%

12-month change: up 9.0%

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Playtech PLC (PTEC)

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