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Maria Bingo Bond
11/20/09 - Unibet Group plc has signed an agreement with a major international bank for a 12 month Revolving Credit Facility with a maximum value of Euro 24 million, which is to be used primarily to cover the early redemption of the remaining Euro outstanding 65.8 million bond it took out to acquire Maria Bingo two years ago.
By paying down the bond early, the online gambling group expects to save between Euro 4 and Euro 5 million in finance costs calculated to the bnongs maturity date. This saving includes early redemption costs of approximately Euro 1,4 million in the fourth quarter of 2009.
In addition to the significant benefit of early redemption, foreign currency volatility and expensive losses in this regard can be largely avoided.
Unibet was advised throughout the transaction by Oreum Advokatbyrå.
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NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
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Mega Moolah strikes again -
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2 New Slots For Microgaming Casinos -
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MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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