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Gala Coral sets investor meeting on Monday; sterling-denominated bond offering expected
By Paul A. Harris
Portland, Ore., May 13 - Gala Coral Group will meet with investors in London on Monday ahead of a possible sterling-denominated bond offering, market sources in Europe say.
Although size and structure have not been announced, the anticipated deal is expected to feature £250 million of senior secured notes and £400 million of senior unsecured notes, according to a debt capital markets banker in London.
Barclays, Credit Suisse, Deutsche Bank AG, Goldman Sachs International and Morgan Stanley are helming the presentation.
The London-based gaming company is seeking to refinance debt.
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