One of Canada’s biggest gaming companies is seeking as much as C$1.8 billion ($1.3 billion) of private debt to refinance loans and pay owners a dividend, in what would be one of the country’s biggest such deals this year.
October 24, 2024 at 4:05PM EDT -- One of Canada ’s biggest gaming companies is seeking as much as C$1.8 billion of private debt to refinance loans and pay owners a dividend, in what would be one of the country’s biggest such deals this year.
Gateway is majority owned by Newton Glassman’s Catalyst Capital Group Inc. Representatives for both firms did not reply to requests for comments while Morgan Stanley declined to comment. That means direct lenders are looking for other type of borrowers, sometimes leaning into riskier type of credits or offering more-creative solutions. Pure Fishing Inc. recently clinched a $750 million private-credit deal, Bloomberg News reported, and Spandex maker Lycra Co. is sounding out investors on a private debt transaction.
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