Commentary & Deal Flow

+++Corrects final size to EUR300m (not EUR375m)+++

Playtech plc (PTECLN) EUR300m (WNG) Reg S only sr sec notes due 2028 (5y). NC2 (MWC B+50bp) (50%,25%,par). Ba2/BB (stable/stable). Via Citi/NatWest (B&D)/Santander/UniCredit jt books, AIB, BOI as co-managers. No reg rights. List Dublin. English law. IPT: low-mid 6s. Px talk: 6.00%-6.25%. Revised px talk: 5.875%-6.00% (WPIR).

Final terms: EUR300m at 5.875%.

Did investor call at 11am UKT Monday (small group meetings Mon-Tues). Books closed at 1pm UKT today. Reconfirms were due by 3pm UKT today. Pricing today UK afternoon. UOP: repay its EUR200m 3.75% sr sec notes due 10/12/23 (callable at 100), repay EUR46.8m drawn on its revolver, GCP. Biz: a leading technology company in the gaming industry, including providing online gambling software and services. HQ: Isle of Man.