05:30 PM EDT, 06/09/2025 (MT Newswires) -- Inspired Entertainment ( INSE ) said late Monday its unit closed a private placement of 270 million British pounds ($365.8 million) of senior secured notes due 2030.
As part of the placement, some of the company's subsidiaries also secured a new 17.8 million pounds revolving credit facility to replace its existing facility. The new facility will expire in 2029, the company said.
The 2030 notes will bear interest at a floating rate equal to Sterling overnight index average plus a margin of 550 to 600 basis points, based on the net leverage ratio of the company's units, the company said.
Inspired said it plans to use the proceeds to redeem its senior secured notes due June 2026, repay loans outstanding under its existing credit facility, clear refinancing-related costs, and for general corporate purposes.