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Codere shares surge on last-minute refinancing deal

14th June 2013 9:51 am GMT

Spanish gaming operator Codere saw its share price surge by close to 10 per cent this morning after securing a refinancing deal with US asset management firms ahead of a June 15th deadline.

The Spanish and Latin-American gaming operator's share value fell sharply last month after ratings agency Moody's cut the company's credit rating on the basis that there was a high risk of it defaulting on its €60m senior facility which [...]

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