debt
confidence high
sentiment neutral
materiality 0.60
Inspired Entertainment subsidiary issues £270M senior secured notes due 2030 to refinance existing debt
Inspired Entertainment, Inc.
- £270M aggregate principal of Series B senior secured notes issued, due June 9, 2030.
- Floating rate: SONIA + margin 550-600 bps based on the Group's senior secured net leverage.
- Proceeds refinance £235M existing notes (due 2026) and repay £15M existing RCF.
- New £17.8M revolving credit facility established, due December 9, 2029, with margin 325-375 bps.
- Notes purchased by Barclays, HG Vora, BSE Investments; Barclays provided the RCF.
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