Playtika Secures New $550 Million Revolving Credit Facility

Reuters
Feb 17
Playtika Secures New $550 Million Revolving Credit Facility

Playtika Holding Corp. has entered into an amendment to its existing credit agreement, refinancing its current $550 million revolving credit facility with a new $550 million revolving credit facility. The new facility will mature on March 6, 2027, and retains the same material terms as the previous facility, with interest rates based on Term SOFR or a base rate plus an applicable margin, and step-downs based on the company's first lien net leverage ratio. Bank of America, N.A. serves as the administrative and collateral agent.

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