Great Canadian to launch C$650 million equivalent U.S. term B Tuesday

By Sara Rosenberg

New York, June 7 – Great Canadian Gaming Corp. is set to hold a lender call at 10 a.m. ET on Tuesday to launch a C$650 million equivalent U.S. dollar covenant-lite term loan B due Nov. 1, 2026, according to a market source.

Deutsche Bank Securities Inc., Barclays and Macquarie Capital (USA) Inc. are the bookrunners on the deal. Deutsche is the administrative agent.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on June 17.

Proceeds will be used to help fund the buyout of the company by Apollo Global Management Inc. for C$45.00 in cash per share.

Great Canadian Gaming is an Ontario-based gaming, entertainment and hospitality company.

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