First Euro PP issue worth 32.7 millions euros
The Gaming Group 1 (the gaming arm of Ardent Group), the Belgian leader in both land and online gambling, announces that it has successfully issued a first Euro PP (loan format) worth 32.7 million euros over a 5-years period.
This transaction strengthens the Group’s financial structure and diversifies its sources of financing. It will allow it to maintain the steady pace of its developments in an increasingly competitive gambling sector.
As a reminder, after the purchase of the Allevard casino and its hotel in the fourth quarter of 2019, Gaming1 announced on 31st of December 2019 the acquisition of 50.05% of the capital of Societe Française de Casinos (SFC) and its intention to launch a simplified takeover bid on SFC shares not held by the Group. As a result of these acquisitions, Gaming1 will have a total of 12 casinos in France, Belgium and Switzerland and will be listed as one of the 10 largest casino operators in France.
“This is an important step for our group. It is a testament to our ambitions, especially in the French casino market,” said Emmanuel Mewissen, CEO of Gaming1.
This issue was produced on January 20th of 2020 by Ardent Finance, holding company of the Gaming1 group. The Group was accompanied by Societe Generale as the sole arranger of this Euro PP.
Subject : GAMING1 launches a PL of 32.7 million euros over 5 years!
Author of the page : Antoine
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