debt
confidence high
sentiment neutral
materiality 0.50
Playtika amends credit facility: revolver cut to $550M, maturity extended to 2027
Playtika Holding Corp.
- Revolving facility reduced from $600M to $550M; maturity extended to Sept 11, 2027 subject to conditions.
- Pricing grid amended; SOFR loans margin 3.00% with step-downs based on first lien net leverage ratio.
- Non-consenting lenders replaced; Wells Fargo and Bank Mizrahi-Tefahot added as lenders.
- UBS AG Stamford Branch resigns as L/C issuer under the credit agreement effective immediately.