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Playtech to redeem €330 million of 3¾% secured notes due 2023
By Mary-Katherine Stinson
Lexington, Ky., Oct. 12 – Playtech plc will redeem €330 million of its 3¾% secured notes due 2023 (ISIN: XS1849464323) on the elected call date of Nov. 16, according to a notice.
The redemption will be at par on a pro rata basis together with accrued interest to the call date. Noteholders will receive €1,191,300 total interest, or €3.61 per €1,000 in principal amount of notes.
After the redemption, there will be €200 million of the issue remaining.
Law Debenture Trust Corp. plc is the trustee.
Playtech Holdings Ltd. (formerly known as Playtech Software Ltd.), Technology Trading IOM Ltd., Pluto (Italia) SpA, Playtech Services (Cyprus) Ltd., Playtech Software Ltd. (incorporated in England and Wales) and PT Services Malta are the guarantors.
The €530 million of notes were originally issued on Oct. 12, 2018.
The Isle of Man-based Playtech is a gambling software developer.
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