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Playtech PLC - Isle of Man-based gambling software development company - Following announcement on Wednesday last week that it priced €300 million 5.875% senior secured notes due in 2028, confirms it has successfully closed the issue of the new notes. On Wednesday last week, Playtech said 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. The 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: 580.87 pence, up 0.9% 12-month change: up 5.3% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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