Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 20-06-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Ladbrokes plc Retail Bonds due 2022 | Industry: | Travel & Leisure |
| Description: |
Slaughter and May advised Ladbrokes plc (Ladbrokes) on the public offer and issuance by its wholly-owned subsidiary, Ladbrokes Group Finance plc, of GBP100 million 5.125% retail bonds due 2022 (the Bonds) and the amendment and extension of its existing banking facilities (the Facilities).
The Bonds have been admitted to trading on the main market of the London Stock Exchange (the LSE) and are tradable through the LSE's electronic Order book for Retail Bonds. Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc acted as joint lead managers.
Ladbrokes will use the proceeds of the Bonds to reduce its borrowings under the Facilities, which will mature in 2019.
Financing: Ian Johnson (partner), Philip Snell (partner), Susan Hughes (associate), Katy Morrison (associate), Edward McNeilly (associate), Rose Leyland (trainee); Tax: Gareth Miles (partner), Stefan Farahani (associate).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Slaughter and May |
| Issuer | United Kingdom | Listing | United Kingdom |
| Classification: |
Retail Bonds Listed Retail Bonds |
Lawyer | Ian Johnson |
