Playtech has raised €297m through a convertible bond issue, below its target of €315m, with the money to be used to fund potential acquisitions and organic growth opportunities.
The company issued €297m senior, unsecured convertible bonds due to mature in 2019 through wholly-owned subsidiary PT (Jersey) Limited, with the bonds guaranteed by Playtech.
The company’s board has stated that it believes there are a number of opportunities that could create significant value for shareholders.
The bonds have a [...]
