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Amaya restructures loans to fend off future takeover bid from Baazov

6th March 2017 11:19 am GMT

Toronto-listed gaming operator Amaya has successfully repriced and retrenched its first lien term loans, including an amendment to remove the ability of a “certain current shareholder” to acquire control of the company without triggering a default on its loans.

At the request of certain lenders, the amendment modifies the change of control provision to remove the ability of a certain shareholder - likely to be former CEO David Baazov - to “directly or indirectly acquire control [...]

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