Partial early redemption of €350 million bond
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As outlined in the announcement of the proposed sale of Snaitech on 17 September 2024, Playtech declared its intention to repay the amounts outstanding on its bond due March 2026 of €350 million, following completion of the sale of Snaitech.
Given the current strength of its balance sheet, Playtech announces that it is now serving notice to redeem at par, on 23 December 2024, €200 million of the €350 million senior secured notes due to mature in March 2026. This will be funded using current cash balances. The remaining balance of this outstanding bond is expected to be repaid following completion of the sale of Snaitech, as previously communicated.
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