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Ladbrokes secures £1.35bn funding for Coral merger

SBC News Ladbrokes secures £1.35bn funding for Coral merger

Listed bookmaker Ladbrokes has signed a £1.35 billion facility with a syndicate of relationship banks to provide committed financing for its proposed merger with Coral. The deal means that Coral’s existing debt of £1.4 billion won’t be carried over to the new group. The new facility has three tranches and will be available for drawing subject to completion of the …

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