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William Hill launches corporate bond to raise £375m

3rd June 2013 8:36 am GMT

UK bookmaker William Hill is looking to raise approximately £375m through the launch of a corporate bond to institutional investors, which will be used to repay loans taken on to part-fund the recent acquisitions of Sportingbet Australia and Playtech’s stake in William Hill Online.

William Hill said that the issuance of guaranteed bonds further strengthens the company’s balance sheet by diversifying its sources of debt funding and lengthening the maturity profile of its borrowings.

The bonds [...]

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