Report
Betclic Everest : Issuance Focus
Betclic Everest Group (BEG) has launched the marketing of at least € 750m in inaugural senior secured bonds maturing in December 2031. The proceeds from the issue, in addition to new term loan B (min €/$ 2bn) currently being priced, will be used to finance the acquisition of gaming operator Tipico (€ 1.1bn) and refinance its existing debt (€ 1.9bn). The combined group has pro forma leverage of 4.0x (4.4x according to our adjustments), up from 1.2x for Betclic standalone.
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Joan Sehim
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