May 2021, London
GLAS has recently been appointed to act as Indenture Trustee, Paying Agent, Registrar and Transfer Agent for Inspired Entertainment’s GBP 235 million 7.875% Senior Secured Notes due 2026 and as Facility Agent on its new GBP 20 million super senior revolving facility. GLAS has also been appointed to act as Security Agent in connection with the above financing. The company used the proceeds of the Notes to refinance its existing credit facilities and for general corporate purposes.
Joanne Brooks, Head of GLAS UK and Europe, says, “We are delighted to have been appointed on numerous roles for this transaction across a number of our teams, highlighting our nimbleness and flexibility.”
Inspired Entertainment, Inc, a Nasdaq listed company, operates as a gaming technology company. The company offers virtual sports, mobile gaming, and server-based gaming systems with associated terminals and digital content to regulated betting, gaming, and lottery operators around the world.
The GLAS deal team comprised of Mia Drennan, Joanne Brooks, Natasha Chan (Legal), Aric Kay-Russell (Debt Capital Markets) and Luxman Jegatheeswaran (Transaction Management Group).
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