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Ladbrokes agrees new five-year £540m debt facility

2nd December 2011 8:43 am GMT

UK bookmaker Ladbrokes plc has signed a new five-year debt facility with its banks totalling £540m, replacing an existing arrangement which was due to mature in 2013.

Ladbrokes said that the new debt facility will mature in 2016 and provides the company with adequate headroom post redeeming the £131m bond in July 2012. Ladbrokes has a further £225m bond which matures in 2017. The debt facility replaces existing arrangements which totalled £560m [...]

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