Paddy Power looks to cash out with US private placements

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By Silas Brown
04 Sep 2019

Paddy Power is looking to sell US private placements in the next few weeks, according to market participants, as the Irish bookmaker is set to recreate the success of Australian peers in the market.

Natwest Markets and Santander will arrange the prospective transaction, according to people away from the deal, with an initial launch size set at roughly £200m.  

This would be the first gambling company from Ireland or the United Kingdom to raise US private placements. According to one agent William ...

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