{"id":5035,"date":"2023-06-29T05:25:04","date_gmt":"2023-06-29T05:25:04","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/06\/29\/playtechs-e300m-senior-secured-notes-deal-closes\/"},"modified":"2023-06-29T05:25:04","modified_gmt":"2023-06-29T05:25:04","slug":"playtechs-e300m-senior-secured-notes-deal-closes","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/06\/29\/playtechs-e300m-senior-secured-notes-deal-closes\/","title":{"rendered":"Playtech\u2019s \u20ac300m Senior Secured Notes Deal Closes"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/igaming.org\/casino\/playtech-casinos\/\">Playtech<\/a>, the gaming technology provider, confirmed on Wednesday that it has finalized its \u20ac300m 5.8% senior secured notes deal due 2028, following the pricing announcement made last week.<\/p>\n<p>On 21 June, Playtech unveiled the details of the bond offering, highlighting that the net proceeds from the new notes\u2019 issuance will serve multiple purposes. 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Moreover, other transaction-related costs and expenses will also be settled using these funds.<\/p>\n<p>Once the existing debts from the 2023 notes are repaid, Playtech\u2019s remaining liabilities will be the 2028 notes and its prior \u20ac350m 4.2% senior secured notes due 2026.<\/p>\n<p>These actions align with Playtech\u2019s positive outlook as the company reported a \u201cstrong\u201d start to 2023 last month. The company revised its projected earnings before interest, tax, depreciation, and amortization (EBITDA) to be slightly higher than initially anticipated.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The notes offering reflects Playtech\u2019s ongoing financial strategy. In recent times, Playtech has made significant investments and deals, including a CA$12.2m investment in NorthStar Gaming in February, extending their existing software and services deal by 10 years. In March, it purchased a minority equity ownership stake in Hard Rock International and Seminole Gaming\u2019s gaming and sports betting division, Hard Rock Digital, for $85.0m. Furthermore, in May, Playtech agreed to a new poker deal with Svenska Spel, enabling the latter to launch Playtech\u2019s poker offering on its platform.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/playtechs-e300m-senior-secured-notes-deal-closes\/\">Playtech\u2019s \u20ac300m Senior Secured Notes Deal Closes<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Playtech, the gaming technology provider, confirmed on Wednesday that it has finalized its \u20ac300m 5.8% senior secured notes deal due 2028, following the pricing announcement made last week. On 21 June, Playtech unveiled the details of the bond offering, highlighting that the net proceeds from the new notes\u2019 issuance will serve multiple purposes. Notably, these [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5035","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5035"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5035\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}