William Hill seals new banking deal

iGaming Business – UK bookmaker William Hill announced today (Friday) that it has signed a new five-year loan agreement with a syndicate of banks. The £540 million (€667 million/$927 million) committed multi-currency revolving credit facility will expire in May 2019. It replaces the group’s existing revolving credit facility, which was due to expire in November 2015. “We are pleased to have completed this deal both with the support of our relationship banks and with two new lenders to the group,” William Hill group finance director Neil Cooper said. “This transaction extends the group’s debt maturities, strengthening the group’s balance sheet…