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Gala Coral mammoth debt re-financing
Written On 5/4/11 By Recentpoker.com staff writer Frank Polliern :
MORE CAPITAL FOR GALA CORAL
UK gambling group secures mammoth debt re-financing
The UK online and land gambling group Gala Coral has reportedly secured a corporate debt re-financing agreement worth GBP1.6 billion...a mere ten months after agreeing a restructuring facility.
Although much of the company's GBP1.55 billion debt only matures in 2013, the company is apparently moving on the re-financing now in order to take advantage of favourable market conditions and in order to further invest in the business
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