Leading global law firm, Baker McKenzie advised the initial purchasers, bookrunners and arrangers on the GBP 235 million senior secured high yield bond offering/super senior revolver financing for global gaming technology company Inspired Entertainment, Inc. (NASDAQ: INSE) and certain of its subsidiaries.
Barclays acted as sole global coordinator and joint bookrunner, Macquarie Capital acted as joint bookrunner, and B. Riley Securities, Craig-Hallum, Roth Capital Partners and Union Gaming acted as co-managers on the GBP 235 million 5-year senior secured notes offering.
Baker McKenzie also advised Barclays Bank plc and Macquarie Corporate Holdings Pty Limited (UK Branch) as the arrangers and lenders under the concurrent GBP 20 million super senior revolving credit facility.
The Baker McKenzie team was led by High Yield Capital Markets & Leveraged Finance partners David Becker, Rob Mathews, Bevis Metcalfe and Haden Henderson, senior associates Samantha Greer and Lola Oni and associates Will Sugden, Alex Taylor and Paulina Timmer. A separate Baker McKenzie team led by banking & finance partner Matt Smith and associate Joe Denyer acted for Lucid, the exiting agent.
The Baker McKenzie team has a long history acting for the arrangers, lenders and agents to Inspired Entertainment, including having acted for the lenders, agent and arrangers on Inspired Entertainment’s most recent GBP 245 million (equivalent) senior secured financing facility, which was refinanced with the current senior secured bond offering and super senior revolver.
David Becker commented: "It was a pleasure to be part of another transformative transaction for Inspired Entertainment. Complex financings such as this speak to the strength of our fully integrated London and NY high yield and leveraged finance US/UK bank/bond platform and our i-gaming sector expertise."