**Summary**
Evoke PLC, a leading global betting and gaming company, announced the successful pricing of €600 million in 8.000% senior secured notes due 2031, issued by its wholly-owned subsidiary, 888 Acquisitions Limited. The offering is exempt from U.S. Securities Act registration requirements and is expected to close on September 24, 2025. Additionally, Evoke secured a new £200 million multicurrency revolving credit facility to replace existing facilities.
Proceeds from the offering and credit facility will be used to redeem €582 million in 7.558% senior secured notes due 2027, refinance existing debt, and cover transaction costs. This refinancing is expected to reduce annual cash interest costs by approximately £5 million, extend debt maturity profiles to beyond 2028, and improve the currency mix of debt to align with the Groups cash generation. The transaction results in a marginal increase in net debt of £17 million, with leverage remaining broadly neutral.
CEO Per Widerström highlighted the positive market response to the offering as a <mark style="background-color:yellow">test</mark>ament to Evokes strengthened performance and strategic progress. The company remains focused on executing its plans, deleveraging, and creating value for stakeholders. The announcement also includes important legal notices regarding the offerings compliance with securities regulations and restrictions on retail investor participation in the EEA and UK.