Kindred Group extends revolver one year, increases by €40 million

By Mary-Katherine Stinson

Lexington, Ky., Dec. 15 – Kindred Group plc utilized the one-year extension option of its €216.7 million multicurrency revolving credit facility and drew on the accordion feature to increase the company’s credit facilities by €40 million, according to a press release Thursday.

The extension brings the maturity date to November 2025, with a one-year extension option.

With the addition of a third international bank to join the existing lending group of two Nordic banks, the total committed facilities were increased to €256.7 million with a continued possibility to increase the total commitments up to €325 million under certain circumstances.

The purpose of the transaction was to increase Kindred’s financial flexibility and support growth initiatives and long-term strategy.

Kindred provides online gambling services and is based out of Valletta, Malta.

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