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JPJ Group Agrees New Financing To Go Towards Gamesys Combination.

(Alliance News) - Gaming firm JPJ Group PLC has now completed a GBP175 million term loan to be used for its Gamesys Holdings Ltd acquisition.

The facility is fungible with JPJ's existing term loan, which matures in December 2024 and has a price of EURIBOR plus 4.25% a year.

JPJ Chief Financial Officer said: "We are delighted our existing lenders have continued to show such strong support for the company and our proposed transformational acquisition of Gamesys."

The GBP490 million takeover of Gamesys was announced in mid-June, and will create a new enlarged company to be called Gamesys Group PLC.

JPJ shares were down 0.4% on Monday morning in London at a price of 737.00 pence each.

By George Collard; georgecollard@alliancenews.com

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Publication:Alliance Newswire
Date:Jul 1, 2019
Words:133
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