Aristocrat Leisure Limited has announced the successful refinancing of its debt facilities to the tune of US$1.85 billion – a move it says strengthens its balance sheet and enhances capital management flexibility.
The debt facilities, supported by certain existing and new lenders, consist of a US$850 million Term Loan A maturing April 2031 and a US$1.0 billion Revolving Credit Facility maturing April 2030.
The terms and undertakings reflect Aristocrat’s investment-grade credit profile, the company stated, adding that the increase in the revolving credit facility significantly enhances Aristocrat’s flexibility to manage its capital structure and invest in its growth strategy.
Proceeds will be used to repay existing facilities and for general corporate purposes.
