888 Holdings refinances $400m debt for Value Creation Plan

The LSE gambling group's £400 million in senior secured debt notes is set to be refinanced on terms negotiated by the 888 Holdings board.

888 updated the market by announcing that bondholders will permit the fully owned subsidiary 888 Acquisitions Limited to offer an issuance of £400 million in debt notes to the GBP capital markets.

Senior debt notes valued at 10.75% and due in 2030 are expected to be offered as part of the transaction on Thursday, May 9.

888 entered into an agreement to secure an additional £50 million revolving credit facility as a result of further financial developments. As of December 31, 2025, the credit facility's terms will mature.
 
Back
Top