Playtech to start roadshow Tuesday for €530 million five-year notes

By Paul A. Harris

Portland, Ore., Oct. 1 – Playtech plc plans to start a roadshow on Tuesday for a €530 million offering of five-year senior secured notes (expected ratings Ba2/BB), according to a market source.

Active bookrunner UBS will bill and deliver for the Regulation S offering. NatWest Investments and Santander are also active bookrunners. Bank of Ireland and Goodbody's are co-managers.

The roadshow wraps up on Thursday.

The notes come with two years of call protection.

The Isle of Man-based gaming technology company plans to use the proceeds to repay bank debt and redeem outstanding Snaitech high-yield bonds.

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