Industry News
FDJ Announces its First Bond Issue
La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.
FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.
With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.
Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.
-
Compliance Updates5 days ago
EGT Digital received a licence for operation in Sweden
-
Africa4 days ago
EGT Digital in a successful partnership with Bettomax in several African markets
-
Interviews5 days ago
Kendoo’s bold entrance: Inside the strategy driving its move to independence
-
Compliance Updates5 days ago
Altenar secures Danish B2B supplier licence
-
Compliance Updates5 days ago
Delasport Obtains New Denmark License
-
eSports4 days ago
GIANTX launches jersey and membership for 2025
-
Industry News4 days ago
ICE Sustainable Gambling Zone to launch with €65,000 charity donation
-
eSports4 days ago
Scuderia Ferrari HP Esports Team ready to defend its title in the F1 Sim Racing Championship