{"id":268,"date":"2024-06-27T23:02:42","date_gmt":"2024-06-27T20:02:42","guid":{"rendered":"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/"},"modified":"2024-06-27T23:02:42","modified_gmt":"2024-06-27T20:02:42","slug":"ig-group-completes-debt-restructuring-secures-600-million-credit-facility","status":"publish","type":"post","link":"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/","title":{"rendered":"IG Group Completes Debt Restructuring, Secures \u00a3600 Million Credit Facility"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/8d3SPRBVQZw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>IG Group, a prominent binary options and foreign exchange dealer, has recently completed a significant debt restructuring program. They have also established a new method for securing long-term funding. This implies that they now have a total credit facility of \u00a3600 million, which is a substantial sum!<\/p>\n<p>The plan involved the issuance of \u00a3300 million worth of unsecured bonds. These bonds will mature in 2028 and carry a 3.125% interest rate.  <\/p>\n<p>IG Group stated that there was considerable investor interest in purchasing these bonds, enabling them to achieve a favorable price and sell more than initially intended.<\/p>\n<p>They also secured a new revolving credit facility (RCF) for \u00a3300 million. This acts as a line of credit that they can access as needed. It has a three-year term and can be expanded to \u00a3400 million. They also have the option to request a two-year extension.<\/p>\n<p>With this new plan, IG Group was able to repay and cancel their previous RCF of \u00a3125 million and a loan of \u00a3250 million.<\/p>\n<p>This means that IG Group now has a total credit facility of \u00a3600 million, which could potentially increase to \u00a3700 million.<\/p>\n<p>Charlie Rozes, the Chief Financial Officer of IG Group, remarked that this new plan provides them with a balanced mix of long-term debt arrangements. <\/p>\n<p>This action will enable the board to continue developing their strategies to enhance the company&#8217;s worth, without being concerned about potential hazards. They are accomplishing this by ensuring they have sufficient funds and are capable of meeting their financial obligations.<\/p>\n<p>The firm is pleased to welcome bondholders as new collaborators and expresses gratitude to the banks for their ongoing assistance. <\/p>\n<p>Sign up for the iGaming News Newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>IG Group, a prominent binary options and foreign exchange dealer, has recently completed a significant debt restructuring program. They have also established a new method for securing long-term funding. This&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IG Group Secures \u00a3600 Million Credit Facility<\/title>\n<meta name=\"description\" content=\"IG Group strengthens its financial position with a new debt restructuring program and \u00a3600 million credit facility, ensuring long-term stability.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"IG Group Completes Debt Restructuring, Secures \u00a3600 Million Credit Facility\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"IG Group strengthens its financial position with a new debt restructuring program and \u00a3600 million credit facility, ensuring long-term stability.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Doors to Casino Excitement | Licensed &amp; Secure\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T20:02:42+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/\",\"url\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/\",\"name\":\"IG Group Secures \u00a3600 Million Credit Facility\",\"isPartOf\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#website\"},\"datePublished\":\"2024-06-27T20:02:42+00:00\",\"dateModified\":\"2024-06-27T20:02:42+00:00\",\"author\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"IG Group strengthens its financial position with a new debt restructuring program and \u00a3600 million credit facility, ensuring long-term stability.\",\"breadcrumb\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/27\/ig-group-completes-debt-restructuring-secures-600-million-credit-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/newnodepositcasinos.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IG Group Completes Debt Restructuring, Secures \u00a3600 Million Credit Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/#website\",\"url\":\"https:\/\/newnodepositcasinos.icu\/\",\"name\":\"Unlock the Doors to Casino Excitement | Licensed &amp; Secure\",\"description\":\"Immerse yourself in the thrilling world of online gambling through our regularly updated news, in-depth game reviews, and expert articles. 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