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Ladbrokes strengthens balance sheet with debt extension

16th June 2014 7:07 am GMT

UK bookmaker Ladbrokes has announced that its balance sheet re-financing to extend its existing bank facilities has been completed.

Together with its recently completed its £100m retail bond offering, Ladbrokes said that this had resulted in an extension of debt maturity “on attractive terms” as well as diversifying its sources of finance.

The re-financing follows from the launch last month of a £100m 5.125 per cent sterling retail bond with 8.25 year maturity. Strong investor demand saw [...]

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