William Hill Issues £350M 4.75% Guaranteed Notes
William Hill PLC
Issue of £350,000,000 4.750% Guaranteed Notes due 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
1 May 2019
William Hill PLC ("William Hill") (LSE: WMH), announces today the issue of £350,000,000 4.750% guaranteed notes due 2026 (the "Notes") to institutional investors.
As announced on 30 April 2019, William Hill's invitation to holders of its £375,000,000 4.250 per cent. guaranteed notes due 2020 (the "2020 Notes") to tender such 2020 Notes for purchase by William Hill for cash (the "Offer") is subject, without limitation, to the successful completion (in the sole determination of William Hill) of the issue of the Notes (the "New Financing Condition").
Following the successful completion of the issue of the Notes today, the New Financing Condition in relation to the Offer has been satisfied.
THIS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO IN THIS DOCUMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT OF 1933 AS AMENDED (THE "SECURITIES ACT") OR UNDER THE SECURITIES LEGISLATION OF ANY STATE OF THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OTHER THAN PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF THE NOTES IN THE UNITED STATES.
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William Hill PLC
About William Hill
William Hill PLC is one of the world's leading betting and gaming companies, employing c15,500 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its £1.6 billion annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, the largest sports betting business in the US. Following the ruling in May 2018 by the US Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, William Hill US has expanded into new states as they regulate sports betting. It is now operating in seven states: Nevada, New Jersey, Delaware, Rhode Island, Mississippi, Pennsylvania and West Virginia. William Hill's Online business acquired Mr Green & Co AB in January 2019, growing its international operations. William Hill PLC is listed on the London Stock Exchange and is a member of both the FTSE 250 and FTSE4Good Indices.
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