Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk - S&P Global Ratings’ Credit Research

Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk

Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk - S&P Global Ratings’ Credit Research
Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk
Published Mar 10, 2022
2 pages (1351 words) — Published Mar 10, 2022
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Abstract:

This report does not constitute a rating action. FRANKFURT (S&P Global Ratings) March 10, 2022--S&P Global Ratings today said that Odyssey Europe Holdco S.à R.L. ?s (CCC/Negative/--) proposed amend and extend transaction will reduce near-term refinancing risk once completed. As part of the terms? amendment, the parent of Baltics gaming company Olympic Entertainment (Olympic) would extend the maturity of its €200 million senior secured notes to December 2025 from May 2023 and increase its coupon to 9% from 8% currently. On March 8, 2022, the company announced that about 93% of noteholders agreed to these terms by the end of the lock-up period and that it will implement the amendments by way of consent solicitation. Under the proposed transaction, if

  
Report Type:

Bulletin

Issuer
Odyssey Europe Holdco S.a r.l
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
Luxembourg
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk" Mar 10, 2022. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Odyssey-s-Olympic-Entertainment-Group-Proposed-Amend-And-Extend-Transaction-Reduces-Refinancing-Risk-2807316>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Odyssey's (Olympic Entertainment Group) Proposed Amend And Extend Transaction Reduces Refinancing Risk Mar 10, 2022. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Odyssey-s-Olympic-Entertainment-Group-Proposed-Amend-And-Extend-Transaction-Reduces-Refinancing-Risk-2807316>
  
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