Moody's rates Inspired notes B3

Moody's Investors Service said it assigned a B3 instrument rating to the proposed £235 million guaranteed senior secured notes to be issued by Inspired Entertainment (Financing) plc.

The issuer is a fully owned subsidiary of Inspired Entertainment, Inc. Concurrently, Moody's affirmed the company's B3 corporate family rating and B3-PD probability of default rating.

The proceeds will be used to repay the £226.8 million equivalent term loans, (£145.8 million and €93.1 million), and to pay transaction costs. The rating on the term loans will be withdrawn upon repayment.

The outlook is stable.

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