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Inspired Announces Private Placement of £270 Million Senior Secured Notes and New £17.8 Million Credit Facility
Globenewswire· 2025-06-09 20:15
Core Viewpoint - Inspired Entertainment, Inc. has successfully completed a private placement of £270 million in senior secured notes due 2030 and established a new £17.8 million revolving credit facility, aimed at refinancing existing debt and supporting general corporate purposes [1][3]. Financing Details - The 2030 Senior Secured Notes will have a floating interest rate linked to SONIA, with a margin of 550 to 600 basis points, maturing on June 9, 2030 [2]. - The new Revolving Credit Facility will also have a floating interest rate based on SONIA, with a margin of 325 to 375 basis points, maturing on December 9, 2029 [2]. Use of Proceeds - Proceeds from the 2030 Senior Secured Notes will be used to redeem existing £235 million senior secured notes due June 1, 2026, repay £15 million in loans from the previous revolving credit facility, cover refinancing fees, and for general corporate purposes [3]. Company Overview - Inspired Entertainment, Inc. provides a diverse portfolio of gaming content, technology, hardware, and services across various regulated markets, operating in approximately 35 jurisdictions worldwide [6]. - The company supports around 50,000 gaming machines and offers virtual sports products through over 32,000 retail venues, along with interactive games for more than 170 websites [6].
Why Applied Digital Stock Skyrocketed Again Today
The Motley Fool· 2025-06-04 22:57
Applied Digital (APLD 29.56%) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session. Applied Digital stock rocketed higher today after B. Riley published new coverage on the company and dramatically increased its one-year valuation forecast. Investors are feeling bullish after the data-center specialist announced a major new deal with CoreWeave. Applied Digital stock is now up roughly 78% over the last week of trading ...