February 13, 2018 / 2:53 PM / 6 months ago

BRIEF-Ladbrokes ‍Launches Consent Solicitation Over Some Bonds​

Feb 13 (Reuters) - LADBROKES:

* ‍LAUNCH OF CONSENT SOLICITATION IN RESPECT OF BONDS​

* ‍LAUNCHES CONSENT SOLICITATION IN RESPECT OF ITS £100,000,000 5.125 PER CENT. BONDS DUE 2022 AND £400,000,000 5.125 PER CENT. NOTES DUE 2023

* ‍GVC BELIEVES ABSENT ANY ADVERSE IMPACT OF TRIENNIAL REVIEW ON LADBROKES’ UK BUSINESS, HEADCOUNT REDUCTION WILL BE UNDER 5 PERCENT OF ENLARGED GROUP

* ‍IN ABSENCE OF APPROVAL FOR GUARANTOR SUBSTITUTION TO GVC, NEITHER COS HAVE ANY CURRENT NEED OR INTENTION TO REDEEM ANY OF 2022 OR 2023 NOTES​ Source text for Eikon: Further company coverage:

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