William Hill launches £350m 4.75% Guaranteed Notes
William Hill PLC ("William Hill") (LSE: WMH), announces today the launch of guaranteed notes (the "Notes") to institutional investors.
The Notes will be issued with a coupon of 4.750% and for an aggregate principal amount of £350,000,000. The proceeds of the Notes, which will mature in 2026, will be used for general corporate purposes, including the repurchase of any or all of William Hill's outstanding £375,000,000 of 4.25% guaranteed notes due 2020 as announced by William Hill on 23 April 2019.
The issue of the Notes will help improve the William Hill group's balance sheet by lengthening the maturity profile of its borrowings.
The Notes were priced today and are expected to be issued on or about 1 May 2019.
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