A Collection is a selection of features, articles, comments and opinions on any given theme or topic. It allows you to stay up‑to‑date with what interests you most.
Login here to access your saved articles and followed authors.
We have sent you an email so you can reset your password.
Sorry, we had a problem.
Tags related to this article
Published 7 febrero 2020
DAC Beachcroft is pleased to have advised Gamesys Group plc on the successful repricing of its £250m and €336m term loan B facilities and £13.5m revolving credit facility.
Gamesys Group plc (LSE: GYS) is the parent company of an online gaming group that provides entertainment to a global consumer base. Through its subsidiaries, Gamesys Group plc currently offers bingo and casino games to its customers using brands which include Jackpotjoy, Virgin Games, Botemania, Vera&John, Heart Bingo and Monopoly Casino.
This transaction follows on from DAC Beachcroft’s role advising JPJ Group plc on the €196 million debt financing of its acquisition of the business of Gamesys (Holdings) Limited (excluding sports betting and games businesses) completed in September 2019.
DAC Beachcroft’s Head of Banking Chris Wall, who led on the matter, said, “We are delighted to have supported Gamesys on this transaction, which reflects the growth and stability of its underlying businesses and takes advantage of strong demand in the European credit markets.”
Chris was supported on the debt financing by partner Mike Pearce and associate Andrew Hollier.
DAC Beachcroft’s Corporate Banking and Debt Finance team advises bank and non-bank lenders, financial investors, public and private corporates, real estate investors and developers and other stakeholders on a broad range of complex domestic and cross-border financing transactions including leveraged and acquisition finance, real estate investment and development finance, corporate banking, restructurings and structured and growth capital financing transactions. The team is active across various sectors, including health, real estate, technology and insurance.