Tag Archives: Moody

Codere fights for survival as debt bonds are classified to junk status

SBC News Codere fights for survival as debt bonds are classified to junk status

Codere SA is reported to be fighting for its survival, seeking new investment options to refinance its long-standing €900 million corporate debt bonds. Spanish business news source El Confidencial has reported that the Spanish gambling group has sanctioned Bank of America to lead renegotiations with bondholders for a further two-year extension on debt maturity terms which are set to expire in 2021. …

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Jackpotjoy secures new £385 million loan facility targeting long term group savings

SBC News Jackpotjoy secures new £385 million loan facility targeting long term group savings

Updating the market, London-listed online gambling group Jackpotjoy Plc has confirmed that it has secured a £385 million senior secured loan with additional access to a new revolving credit facility. Refinancing its organisation, Jackpotjoy governance will gain access to a £375 million senior loan, with a further £13.5 million made available to the operator via a Revolving Credit Facility. Jackpotjoy …

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