Inspired Entertainment starts roadshow for £235 million secured notes

By Paul A. Harris

Portland, Ore., May 10 – Inspired Entertainment, Inc. started a roadshow on Monday for a £235 million offering of five-year senior secured notes (expected ratings B3//B), according to a market source.

The deal was scheduled to kick off on a Monday conference call with investors. It is scheduled to be marketed through Wednesday and to price on Thursday via wholly owned finance subsidiary Inspired Entertainment (Financing) plc.

Global coordinator Barclays will bill and deliver. Barclays and Macquarie Capital (USA) Inc. are the joint bookrunners.

The Rule 144A and Regulation S notes come with two years of call protection.

The New York-based provider of technology products and services to lottery, betting and gaming operators plans to use the proceeds to refinance its credit facility and for general corporate purposes.

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