Commentary & Deal Flow

+++Updates with payment dates+++

• Price Progression:
  • Priced: 5.50% at 100. +214bp vs OBL 2.90% 08-Oct-31
  • Price talk: 5.5% area (+/- 0.125%)
  • IPT: Mid-high 5%s
• Issuer: Playtech plc
• Size: EUR350m WNG
• Format: Reg S
• Issue Ratings: Ba2 / BB- (stable/stable)
• Security: Senior Secured Notes
• Maturity: 30-Sept-2031 (5y)
• Coupon: 5.50%
• Issue Price: 100
• Yield: 5.50%
• Spread to Benchmark: 214bp
• Benchmark: OBL 2.90% 08-Oct-31
• Optional Redemption: NC2 (MWC B+50bp)
  • Commencing 30-Sep-28 - 102.75
  • Commencing 30-Sep-29 - 101.375
  • Commencing 30-Sep-30 - 100.00
• CoC: 101
• Payment dates: March 30 and September 30 of each year, starting March 30, 2027
• Denominations: 100kx1k
• Reg S ISIN: XS3498851669
• Trade Date: 15-Sep-26
• Settlement Date: 22-Sep-26 (T+5)
• Listing: Euronext Dublin (Global Exchange Market)
• Law: English Law
• Joint Physical Bookrunners: Citi (B&D), NatWest, Santander
• Joint Bookrunner: MUFG
• Co-Manager: AIB
• UOP: Redeem its EUR300m 6.875% sr sec notes due 28-June-2028 (callable at 101.469) and EUR42m for GCP.
• Biz: One of the gambling industry's leading technology companies delivering business intelligence driven gambling software, services, content and platform technology
• HQ: Douglas, Isle of Man
• TOE: 5:07pm UKT 15-Sep-26
• FTT: 7:45am UKT 16-Sept-26
  Marketing:
• Investor Call: 11:00am UKT / 12:00pm CET today, 14-September-2026
• Fixed income investor meetings: Small group meetings available 14-Sept to 15-Sept
• Books closed: 4:00pm UKT today, 15-September-2026
• NetRoadshow Registration, Slides, & Replay: https://www.netroadshow.com/events/login/1PeTHmohTlkQBAAq96MXOmOWPQoH9Mhn0taqe
• NetRoadshow Dial-In: UK: +44 20 3936 2999
• Global numbers: https://www.netroadshow.com/events/global-numbers?confId=111698
• Access Code: 515794