Industry News
Codere Seeks New Investment Options to Refinance its Corporate Debt Bonds

Spanish gambling operator Codere SA is seeking new investment options to refinance its long-standing €900 million corporate debt bonds.
Closing March trading, Moody’s downgraded Codere bonds to a “CAA1 classification,” the solvency ranking used to describe a “high risk junk bond” which holds a negative outlook for investors.
The Spanish gambling group has sanctioned Bank of America to lead renegotiations with bond holders for a further two-year extension on debt maturity terms which are set to expire in 2021.
Bank of America will have to convince Codere debt holders to maintain their investments within the company, having seen bond values plummet to from €0.90 to €0.35.
Codere’s €900 million long-term debt has been primarily amassed as part of the firm’s 2015 restructuring led by US private equity firms, which saw the legacy operator avoid bankruptcy.
-
Bitcoin3 days ago
Crypto Casinos EU 2025 – Top 10 European Bitcoin Casino Sites (Updated List)
-
Latest News6 days ago
Best Crypto Casinos in 2025 – Top 10 Bitcoin Casino Sites, Rated by Experts
-
Africa6 days ago
VeliTech Announces Strategic Partnership with Jambobet
-
Compliance Updates6 days ago
KSPO K-Cycle & K-Motorboat Racing Holds Betting Integrity Sharing Agreement MOU Signing Ceremony with IBIA
-
Latest News6 days ago
Rainbet Promo Code 2025: GAMBLECS2 for 60 Free Spins No Deposit Bonus
-
Africa6 days ago
SportPesa Sponsors National 7s Circuit 2025
-
Latest News6 days ago
Best Bitcoin & Crypto Casinos in Germany in August 2025
-
Compliance Updates3 days ago
GeoLocs and Shufti Join Forces to Streamline Player Onboarding and Compliance