Partial early redemption of €350 million bond
Source: RNS
Playtech plc
("Playtech" or the "Company")
Partial early redemption of €350 million bond
As outlined in the announcement of the proposed sale of Snaitech on 17 September 2024, Playtech declared its intention to repay the amounts outstanding on its bond due March 2026 of €350 million, following completion of the sale of Snaitech.
Given the current strength of its balance sheet, Playtech announces that it is now serving notice to redeem at par, on 23 December 2024, €200 million of the €350 million senior secured notes due to mature in March 2026. This will be funded using current cash balances. The remaining balance of this outstanding bond is expected to be repaid following completion of the sale of Snaitech, as previously communicated.
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For further information contact:
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Playtech plc Sandeep Gandhi, Head of Investor Relations c/o Headland
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+44 (0) 20 3805 4822
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Headland (PR adviser to Playtech) Lucy Legh, Jack Gault |
+44 (0) 20 3805 4822 |
About Playtech
Founded in 1999 and listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,900 employees across 20 countries.
Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.
Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, a leading sports betting and gaming company in online and retail in Italy.
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