Cains has acted for the lenders in connection with an amended €277 million revolving credit facility with Playtech plc having a maturity date until October 2025 and providing for an option for a further one-year extension. Playtech plc, which is the world’s largest gambling software company and is based in the Isle of Man, requested the amendment after engaging in a “comprehensive review of options” to refinance its €530m ($514.3m) senior secured notes and the company’s revolving credit facility, both of which were due to mature in the fourth quarter of 2023.
The Cains team, which worked closely with the lenders’ English counsel Linklaters LLP, was led by director Scott Leonard-Morgan and associate Matthew Wilkinson.
