Warrington and Co

27

Feb, 2021

Saturday

  • Home
  • About Us
  • Why Warrington
    • Economy
    • Location
    • Quality of Life
    • Industry Sectors
    • Case Studies
    • Work Force and Education
  • Employment Development
    • New Leaf
    • BeInspired
    • BeInspired – School and Employer Links
    • #Lifegoals
  • Business Exchange
  • Key Sites
  • Info Centre
    • Business Location Service
    • Business Events & Networking
    • Downloads & Publications
    • Latest News
    • Business Support
    • Property News
    • Useful Links

You are here:

  • Home
  • Latest News
  • Betfred completes £195m refinancing

Betfred completes £195m refinancing

14 December, 2016

By: Angela Hankey

category: Latest News

0

Warrington-based book maker Betfred has completed a £195m refinancing with its banking partners.

The transaction refinances its existing debt facilities and funds the £55m acquisition of 322 betting shops from the Ladbrokes and Gala Coral Group merger.

The senior debt package has been provided by a four-bank club comprising RBS, Barclays, Lloyds Bank and Yorkshire Bank.

The business recorded revenues of £10.4bn and EBITDA of £56.4m for the financial year ending September 2015.

KPMG’s debt advisory team in Manchester advised the company on the deal. Richard Capper from Hill Dickinson provided legal advice to the business, while the bank club was advised by Matt Christmas of DLA Piper.

More

Print Friendly, PDF & Email

B

Rating

  • 0comments

Subscribe

Subscribe to comments

recommend to friends

CONTACT US

Call:
01925 442371

Email:
inwardinvestment@warringtonandco.com


Subscribe to our Newsletter
Click Here
Tweets by @WarringtonCo
Warrington and Co
BACK TO TOP
Eurpopean Union - European Structural and Investment Funds Lottery Funded Logo
  • Contact Us
  • Accessibility Statement

© 2012-2013 Business News. All rights reserved.

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login