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.
- ENDS
-
For
further information contact:
|
Playtech plc
Sandeep Gandhi, Head of Investor
Relations
c/o Headland
|
+44 (0) 20 3805 4822
|
|
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.