evoke, one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the successful pricing of an offering by 888 Acquisitions Limited a wholly-owned subsidiary of the Company, of €600,000,000 8.000% senior secured notes due 2031. The Notes are expected to be issued on September 24, 2025.

The offering of the Notes (the “Offering”) will be an offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.

In addition, the Company has entered into a new multicurrency revolving credit facility in aggregate principal amount of £200,000,000 established under the Senior Facilities Agreement (as defined below) to replace its existing revolving credit facilities. 

The Company expects to use the proceeds of the Offering, together with drawings under the New Revolving Credit Facility, to redeem in full the €582 million 7.558% Senior Secured Fixed Rate Notes due 2027 and refinance amounts drawn under the £200 million (equivalent) existing senior secured multicurrency revolving credit facility made available to the Issuer pursuant to a senior facilities agreement dated 29 June 2022 (as amended and restated on 19 July 2022) (the “Senior Facilities Agreement”) as well as to pay transaction fees and expenses.

As a result of these refinancing actions, the Group currently expects: Cash interest costs to reduce by c.£5m on an annualised basis. This reflects both the interest rate differential and expected savings on hedging arrangements.

An extension of the maturity profile, including with regards to the revolving credit facility, with no significant maturities before 2028.

A marginal increase in net debt of approximately £17 million on completion, reflecting the additional debt taken on to fund the transaction costs, with leverage broadly neutral; and An improved currency mix of debt to more closely align with the Group’s cash generation.