Aristocrat Leisure has tapped three banks to take it back to the United States high yield loans market.
Street Talk understands Goldman Sachs, UBS and Citigroup are mandated to help Aristocrat Leisure raise $US890 million in the US Term Loan B market, with funds raised used to pay for mobile gaming business Big Fish. Goldman Sachs and UBS also advised on the M&A piece.
While Aristocrat Leisure announced the Big Fish acquisition on Thursday, confirming Street Talk’s earlier report, the gambling giant is expected to wait until next year before fronting US debt investors with the raising.
First Aristocrat boss Trevor Croker’s attention will be on turning sentiment towards both its new acquisition and the company’s full-year result, which…
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