Playtika Announces Proposed Offering of $600 Million of Senior Notes Due 2029
March 02 2021 - 4:07PM
Playtika Holding Corp. (NASDAQ:PLTK) (“Playtika”) today
announced that it intends to offer, subject to market conditions
and other factors, $600 million aggregate principal amount of its
senior notes due 2029.
Playtika intends to use the net proceeds from the offering of
the notes, together with borrowings under a new senior secured term
loan to be entered into substantially concurrently with this
offering and cash on its balance sheet, to repay borrowings under
its existing senior secured term loan and to pay fees and expenses
in connection with the transactions. The notes will be fully and
unconditionally guaranteed by certain of Playtika’s existing and
future subsidiaries that also guarantee Playtika’s senior credit
facilities.
The notes and the related guarantees have not been and will not
be registered under the U.S. Securities Act of 1933, as amended
(the “Securities Act”), or the securities laws of any other
jurisdiction. Playtika does not intend to register the notes and
the related guarantees for an exchange offer under the Securities
Act. Unless they are registered, the notes and the related
guarantees may be offered only in transactions that are exempt from
registration under the Securities Act and applicable state
securities laws. The notes and the related guarantees will be
offered and sold only to persons reasonably believed to be
“qualified institutional buyers” in accordance with Rule 144A under
the Securities Act and to certain non-U.S. persons in offshore
transactions in reliance on Regulation S under the Securities
Act.
About Playtika
Playtika Holding Corp. is a leading mobile gaming company and
monetization platform with over 35 million monthly active users
across a portfolio of games titles. Founded in 2010, Playtika was
among the first to offer free-to-play social games on social
networks and, shortly after, on mobile platforms. Headquartered in
Herzliya, Israel, and guided by a mission to entertain the world
through infinite ways to play, Playtika has over 3,700 employees in
19 offices worldwide including Tel-Aviv, London, Berlin, Vienna,
Helsinki, Montreal, Chicago, Las Vegas, Santa Monica, Newport
Beach, Sydney, Kiev, Bucharest, Minsk, Dnepr, and Vinnytsia.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the U.S. federal securities laws. Forward-looking
statements are subject to known and unknown risks and
uncertainties, many of which may be beyond Playtika’s control. Such
forward-looking statements include, but are not limited to,
statements regarding the completion and size of the offering, the
entry into a new senior secured term loan facility and the
anticipated use of proceeds from the offering. Actual results may
differ from those set forth in this press release due to the risks
and uncertainties inherent in Playtika’s business, including,
without limitation: the risks and uncertainties associated with
market conditions and the satisfaction of customary closing
conditions related to the proposed offering, as well as the risk
factors set forth in the section entitled “Risk Factors” in
Playtika’s Annual Report on Form 10-K for the year ended December
31, 2020 filed with the U.S. Securities and Exchange Commission.
The forward-looking statements in this press release are not a
guarantee of future events, and actual events may differ materially
from those made in or suggested by such statements. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as “may,” “plan,” “seek,”
“comfortable with,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe” or “continue.” Any forward-looking
statements in this press release are made only as of the date of
this press release, and Playtika does not undertake any obligation
to update or revise any forward-looking statements to reflect
changes in assumptions, the occurrence of unanticipated events or
otherwise.
Contact
Investor ContactPlaytikaDavid
Niederman davidni@playtika.com
Press ContactThe OutCast AgencyAngela
Allisonplaytika@theoutcastagency.com
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