In order to secure the liquidity and balance sheet, Aristocrat Leisure has priced a $500mn Term Loan. As per the company, the amount of the loan will be used for the general corporate purpose. It has also been supported by existing and new investors. The loan maturity date is October 2024.
Julie Cameron-Doe, CFO of the company said that they are very pleased with the outcome of the debt raising. She said that the TLB market provides Aristocrat flexibility and competitively priced debt. He further thanked the support from the international debt market.
She further added that the transactional purpose of the debt raising is to continue to invest in the growth and enhance the liquidity. The debt raising would also help the company to come out strongly from the COVID19 crisis.