by Stephen Carter
Sep 10, 2025 8:18 AM ET
888 Acquisitions Ltd (Evoke plc) (GAMHOL) GBP516m equivalent (EUR/GBP) 144A/Reg S sr sec 2-part. B2/B-/BBB- (stable/stable/negative). List ISE. NY Law.
- EUR TBD (EUR400m minimum) sr sec notes due 2031 (6y). NC2 (50%,25%,par). Via DB (B&D)/Jeff/JPM jt glocos and physical books/Barc/NatWest jt books. Denoms: 100kx1k. IPT: mid-to-high 8s. Price talk: 8.25%-8.50%.
- GBP TBD add-on to its 10.75% sr sec notes due 05/15/30 (4.75y). NC0.75 (05/15/26) (MWC G+50bp), then at 105.375, 102.688, 100. Equity claw: 0.75y 40% at 110.75. Special call: 10% per year the first 0.75 years at 103.00. Via DB/Jeff (B&D)/JPM jt glocos and physical bookks/Barc/Natwest jt books. Permanent Reg S ISIN: XS2498544415 XS2817891984. Immediately 144A fungible (Reg S after 40 days) with the original GBP400m issue priced 05/02/24. IPT: 100.00-100.50. Price talk: 100.50-101.00.
Roadshow (small group meetings) 09/08-10 (investor call at 2:30m UKT 09/08). Books close at 2pm UKT 09/10. Pricing 09/10 UK afternoon. UOP: refinance its EUR582m (GBP499m equiv) 7.558% sr sec note due 07/15/27 (callable at 101.890) (also new GBP200m revolver, GBP71m drawn). Biz: 888 is a sub on Evoke plc, and along with William Hill, is a leading online betting and gaming company. HQ: London, UK.
NetRoadshow link: https://www.netroadshow.com/events/login/LE9zwo4Apg73hlnGsqRj40Z8trMEuPw7TYw.