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Jackpotjoy secures new £388.5m loan facility

27th November 2017 7:34 am GMT

London-listed online gaming operator Jackpotjoy has significantly reduced its interest costs after agreeing a £388.5m senior secured term and revolving credit facility.

The new financing agreement comprises a £375m equivalent term loan and a £13.5m revolving credit facility (RCF), with proceeds from the term loan facility to be used to repay the company's existing first and second lien term loans.

"We are thrilled to have secured the new facilities which clearly demonstrates the growth as well as [...]

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