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Inspired Entertainment Initiates Debt Offering

05/10/2021 03:43

07:28 AM EDT, 05/10/2021 (MT Newswires) -- Inspired Entertainment (INSE) said Monday it has launched a 235 million pound offering of senior secured notes due 2026.

The company's wholly-owned finance subsidiary Inspired Entertainment (Financing) plc will issue the notes, which will be guaranteed by Inspired and certain of its UK and US subsidiaries.

The company said it plans to use the proceeds to repay its existing 145.8 million pound senior secured term loan facility, its 93.1 million euro senior secured term loan facility and for general corporate purposes.

As part of the refinancing, Inspired said it will be putting into place a new four-and-a-half-year 20 million pound super priority senior secured revolving credit facility.

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