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Intertain agrees £160m loan to fund Gamesys earn-out payment

19th December 2016 7:48 am GMT

Shares in online bingo operator Intertain Group rose by more than 16 per cent in Toronto Friday after the company confirmed that it had raised £160m in additional debt finance to fund an earn-out payment to Gamesys.

The additional debt finance is comprised of a £70m incremental first lien term loan and a £90m second lien term loan facility, both of which were arranged by Macquarie Capital.

The company said that proceeds [...]

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