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Playtech to increase war chest with €315m bond issue

12th November 2014 8:43 am GMT

Online gaming technology and services provider Playtech has announced the launch of a convertible bond offering of approximately €315m, with the net proceeds to be used to pursue acquisitive and organic opportunities in line with the company’s strategy.

The offering of senior unsecured convertible bonds due 2019 will be issued by PT (Jersey) Limited, a wholly-owned subsidiary of Playtech incorporated in Jersey, and will be guaranteed by the company.“The net proceeds of the offering are [...]

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