20th of November 2009 Author: Ava Jackuard
Up to Euro 5 million in finance costs will be saved, and foreign currency volatility contained
Unibet Group plc has signed an agreement with a major international bank for a 12 month Revolving Credit Facility with a maximum value of Euro 24 million, which is to be used primarily to cover the early redemption of the remaining Euro outstanding 65.8 million bond it took out to acquire Maria Bingo two years ago.
By paying down the bond early, the online gambling group expects to save between Euro 4 and Euro 5 million in finance costs calculated to the bnongs maturity date. This saving includes early redemption costs of approximately Euro 1,4 million in the fourth quarter of 2009.
In addition to the significant benefit of early redemption, foreign currency volatility and expensive losses in this regard can be largely avoided.
Unibet was advised throughout the transaction by Oreum AdvokatbyrÃ¥.
General Gambling News
16th of November 2018
27th of August 2009
16th of December 2018
25th of October 2018
24th of October 2018
27th of October 2018
15th of October 2018
14th of October 2018
13th of October 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!