REG - GVC Holdings PLC - Credit Rating

EntainAnnouncement

05/03/2018 15:50

RNS Number : 7396G
GVC Holdings PLC
05 March 2018
5 March 2018
GVC Holdings PLC
("GVC" or the "Group")
Credit Rating
GVC Holdings PLC, the multinational sports betting and gaming group, has today been assigned the following long-term public credit ratings:
 Fitch Ratings: Senior secured debt rating of BB+ (Expected) and corporate rating (IDR) of BB+ (Expected) with a stable outlook
 Standard & Poor's: Senior secured debt rating of BB and corporate rating (ICR) of BB- with a CreditWatch Positive outlook pending completion of the acquisition of Ladbrokes Coral Group plc, and
 Moody's Investors Service: Senior secured debt rating of Ba2and corporate rating (CFR) of Ba2 with a stable outlook
The above corporate ratings and proposed senior secured debt ratings (which includes the proposed 1.4bn equivalent new term loan B) assume and are subject to successful completion of the acquisition of Ladbrokes Coral Group plc.
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For further information:
GVC Holdings PLC

Kenneth Alexander, Chief Executive
Paul Miles, Chief Financial Officer
Nick Batram, Head of Investor Relations & Corporate Strategy
Tel: +44 (0) 1624 652 559
Tel: +44 (0) 20 3938 0079
Tel: +44 (0) 20 3938 0066
Media enquiries:
Buchanan Communications

David Rydell
Tel: +44 (0) 20 7466 5066
About GVC Holdings PLC
GVC Holdings PLC isa leading e-gaming operator in both B2C and B2B markets. GVC has four business segments with a number of brands; Sports Brands (bwin, Sportingbet, Gamebookers), Games Brands (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), B2B and non-core assets. GVC acquiredbwin.party digital entertainment plc on 1 February 2016.The Group is headquartered in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 18 countries.
For more information see the Group's website: www.gvc-plc.com

This information is provided by RNS
The company news service from the London Stock Exchange
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