REG - Playtech PLC - Partial early redemption of €350 million bond

PlaytechAnnouncement

22/11/2024 07:00

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RNS Number : 2385N  Playtech PLC  22 November 2024

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                                 +44 (0) 20 3805 4822

 Sandeep Gandhi, Head of Investor Relations

 c/o Headland

 Headland (PR adviser to Playtech)            +44 (0) 20 3805 4822

 Lucy Legh, Jack Gault

 

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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