...+ Estonia-based gaming company, Odyssey Europe Holdco S.a.r.l (Olympic Entertainment Group AS), is a leading provider of casinos and both land-based and online gaming services--primarily in the Baltic region. + On April 4, 2018, Novalpina Capital launched a voluntary takeover (VTO) to acquire Olympic by offering 1.9 for each share in cash, valuing the entire issued capital at approximately 288 million. + The VTO is being financed through a 13.8 million drawn super senior revolving credit facility, 200 million senior secured notes, and an additional injection of 90 million common equity, leading to an adjusted debt to EBITDA ratio of 4.6x. + We are assigning our 'B' issuer credit rating to Olympic and our 'B' issue credit rating to the 200 million senior secured notes due in 2023. + The stable outlook reflects our expectation that Olympic will maintain its leverage at around 4.7x for the next 12 months, while continuing to generate positive free operating cash flow....
