Slaugher and May Advise Ladbrokes on Public Offer

logo_slaughterandmaySlaughter and May advised Ladbrokes plc (Ladbrokes) on the public offer and issuance by its wholly-owned subsidiary, Ladbrokes Group Finance plc, of £100 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.

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