Playtech plc engaged in a comprehensive review of options to refinance the €530 million senior secured notes and the Company's revolving credit facility (RCF), both of which mature in fourth quarter of 2023. The company announced that it has entered into an amended €277 million RCF until October 2025, with a further one-year extension option. Given its strong balance sheet and cash generation, the company also announced that it is serving notice to redeem at par on 16 November 2022 €330 million of the €530 million senior secured notes due to mature in October 2023.

This will be funded using current cash balances with the amended RCF expected to remain undrawn following the early redemption. This will result in cash interest savings of approximately €12 million in 2023. The balance of the outstanding bond will be repaid at maturity, or sooner, taking the total annualised savings to €20 million.

Following the early redemption, the company will have more than €200 million of available cash on its balance sheet. The company's only other material debt obligation is the €350 million senior secured notes maturing in 2026.