888 Holdings (GB:888) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
888 Holdings has announced the successful pricing of its inaugural £400 million Senior Secured Notes issuance and the establishment of an additional £50 million multicurrency revolving credit facility. The proceeds from this offering will be used to repay existing debts, leading to an expected reduction in net debt by approximately £18 million and an increase in annual cash interest costs by £4-5 million. This strategic financial move aims to improve the company’s debt maturity profile and align its currency mix with its cash generation.
For further insights into GB:888 stock, check out TipRanks’ Stock Analysis page.
