Financing ·
Playtika Holding Corp.'s controlling shareholder received approval from China’s National Development and Reform…
PLTKPlaytika Holding Corp.
Playtika Holding Corp.'s controlling shareholder received approval from China’s National Development and Reform Commission (NDRC) to issue bonds not exceeding $800 million. The proceeds are intended to prepay a portion of the principal on the Company's outstanding term loan under its Credit Agreement dated December 10, 2019. The regulatory approval is valid until July 30, 2027 and remains subject to procedures under the Foreign Debt Rules. This development facilitates significant debt restructuring for the mobile gaming company.