€350m senior secured notes issuance by Playtech plc

BDO acted on Playtech's €350 million 4.25 per cent. senior secured notes due 2026. These have been assigned ratings of BB by S&P Global Ratings Europe Limited, UK Branch and Ba2 by Moody's Investors Service Ltd.

The net proceeds of the issue of the notes are to be used to redeem all of the outstanding €297 million senior convertible bonds due November 2019 on maturity (and/or, to purchase and cancel some or all of the convertible bonds prior to maturity) and pay accrued interest thereon, with the remainder used for general corporate purposes.

The notes have been admitted to trading on the Global Exchange Market of the Irish Stock Exchange plc trading as Euronext Dublin.