William Hill Trying To Raise Cash

Thursday June 6,2013 :  WILLIAM HILL IN DRIVE TO RAISE MORE CASH
 
Plan is to raise GBP 375 million in new capital from the issue of guaranteed corporate bonds
 
The top UK and international land and online gambling group William Hill plc has announced the launch of a scheme which will help the company raise around GBP 375 million in new capital from the issue of seven-year guaranteed corporate bonds.
 
The company plans to use the proceeds of the drive to repay GBP 275 million in short-term loans taken to part-fund the acquisition of Sportingbet Australia, and to buy out Playtech’s 29 percent stake in William Hill Online. The bonds will be available from June 5.