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GVC Holdings €1.13 billion term loan B prices at Euribor plus 250 bps
By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – GVC Holdings plc priced and allocated a new €1,125,000,000 first-lien term loan B, according to a notice.
The term loan B priced at Euribor plus 250 basis points with a 0% Euribor floor and was allocated at par.
The new term loan B refinances a £175 million term loan B and consolidates the existing outstanding €300 million term loan B-1 due March 2023 and €625 million term loan B-2 due March 2024 into one bigger and more liquid tranche maturing in March 2024.
The new term loan B represents a saving of 25 bps over the existing euro facilities and 175 bps over the refinanced pound sterling loan.
GVC Holdings is an Isle of Man-based online gambling company.
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