Top Ten gets new finance facilities deal

April 23, 2008

Clarion Gaming is reporting that online bingo operator Top Ten has inked a three-year banking facilities agreement with its bankers, the Royal Bank of Scotland. The report says the deal includes the conversion of nearly £13 million of existing senior debt into a mezzanine loan.

Chairman Sir Aubrey Brocklebank claims the new financing facilities will allow the online bingo games operator "a reasonable period to rebuild its profit base".

The facilities are reported to include a warrant for RBS to subscribe for 10 per cent of its share capital at 20p per share at any time prior to April 2013.

Written by John Witherspoon – Come and play online bingo at its best! The best bingo games online are one click away.

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