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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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