Aristocrat prices USD 500 million Term Loan B facility

  • May 18, 2020 AEST
  • Team Kalkine

Aristocrat Leisure Limited (ASX:ALL) has priced a new USD 500 million Term Loan B (TLB) facility maturing in October 2024 that will be used for corporate purposes. This will further boost ALL’s balance sheet metrics and liquidity position.

  • The issue was priced with a margin of 375 bps
  • Total TLB debt will be equivalent to USD 2.35 billion priced at a weighted average LIBOR + 218 bps

The Group’s CFO was pleased with the debt raising as it was significantly oversubscribed and TLB market for providing with flexibility and competitively priced debt on a covenant light basis.


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