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