{"id":8215,"date":"2024-11-18T11:41:00","date_gmt":"2024-11-18T11:41:00","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/11\/18\/fdj-eyes-first-bond-issue-to-refinance-major-loan-following-kindred-acquisition\/"},"modified":"2024-11-18T11:41:00","modified_gmt":"2024-11-18T11:41:00","slug":"fdj-eyes-first-bond-issue-to-refinance-major-loan-following-kindred-acquisition","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/11\/18\/fdj-eyes-first-bond-issue-to-refinance-major-loan-following-kindred-acquisition\/","title":{"rendered":"FDJ Eyes First Bond Issue to Refinance Major Loan Following Kindred Acquisition"},"content":{"rendered":"<div>\n<p>In order to arrange its maiden bond offering, the massive French gaming company La Fran\u00e7aise des Jeux (FDJ) intends to engage investors in the days ahead. Following its large purchase of Kindred shares, FDJ made this step as part of a larger financial plan to manage debt.<\/p>\n<p>Three tranches with maturities of six, nine, and twelve years will make up FDJ\u2019s proposed \u20ac1.5 billion bond offering. These notes are intended to refinance the majority of the \u20ac2 billion bridging credit obtained on October 7 for the \u20ac2.5 billion Kindred purchase, subject to favorable market circumstances. The bonds will be listed on the Paris-based Euronext-regulated market upon introduction, demonstrating FDJ\u2019s dedication to openness.<\/p>\n<p>The Group\u2019s financial stability received a boost on November 7, when Moody\u2019s awarded FDJ a Baa1 long-term credit rating with a stable outlook. This endorsement reflects confidence in FDJ\u2019s ability to manage its financial obligations effectively.<\/p>\n<h2>Additional Financing Secured<\/h2>\n<p>In tandem with the bond issuance, FDJ is finalizing a \u20ac400 million syndicated loan agreement with prominent French and international banks. This five-year facility will further reduce the bridging loan, with repayment supported by the Group\u2019s cash reserves.<\/p>\n<p>These steps highlight FDJ\u2019s robust approach to balancing short-term financial needs with long-term stability, particularly in light of its \u20ac2.5 billion investment in Kindred.<\/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\">\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:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" 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 py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">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<\/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:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/fdj-eyes-first-bond-issue-to-refinance-major-loan-following-kindred-acquisition\/\">FDJ Eyes First Bond Issue to Refinance Major Loan Following Kindred Acquisition<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In order to arrange its maiden bond offering, the massive French gaming company La Fran\u00e7aise des Jeux (FDJ) intends to engage investors in the days ahead. Following its large purchase of Kindred shares, FDJ made this step as part of a larger financial plan to manage debt. Three tranches with maturities of six, nine, and [&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-8215","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\/8215","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=8215"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8215\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}