More Capital For Gala Coral

MORE CAPITAL FOR GALA CORAL

04th May, 2011 at 16:13:24
Source: http://www.azonlinecasinos.com

UK gambling group secures mammoth debt re-financing

The UK online and land gambling group Gala Coral has reportedly secured a corporate debt re-financing agreement worth 1.6 billion...a mere ten months after agreeing a restructuring facility (see previous reports).

Although much of the company's 1.55 billion debt only matures in 2013, the company is apparently moving on the re-financing now in order to take advantage of favourable market conditions and in order to further invest in the business.

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