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.

Premium subscribers continue here to the full article.