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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 6/29/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Playtech to redeem remaining €200 million of 3¾% secured notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., June 29 – Playtech plc will redeem the remaining €200 million of its 3¾% secured notes due 2023 (ISIN: XS1849464323) on the elected call date of July 31, according to a notice.

The redemption will be at par on a pro rata basis together with accrued interest to the call date. Noteholders will receive €2,254,098 total interest, or €11.27 per €1,000 in principal amount of notes.

After the redemption, no notes will remain outstanding.

Law Debenture Trust Corp. plc is the trustee.

Playtech Holdings Ltd. (formerly known as Playtech Software Ltd.), Technology Trading IOM Ltd., Pluto (Italia) SpA, Playtech Services (Cyprus) Ltd., Playtech Software Ltd. (incorporated in England and Wales) and PT Services Malta are the guarantors.

The €530 million of notes were originally issued on Oct. 12, 2018.

The Isle of Man-based Playtech is a gambling software developer.


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