Our Toronto, Vancouver and New York offices advised NorthStar Gaming Holdings Inc. in securing a C$43.4 million first lien term loan credit facility with Beach Point Capital Management LP. In addition to guarantees by NorthStar’s subsidiaries, the credit facility is also guaranteed by Playtech plc, a related party of NorthStar, and certain of Playtech’s subsidiaries. As consideration for the guarantee from Playtech, NorthStar issued common share purchase warrants to Playtech pursuant to certain exemptions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. 

The team advised NorthStar on all aspects of the financing, as well as securities law, stock exchange and corporate governance matters.

The credit facility represents a significant milestone for NorthStar and will provide it with additional capital to further accelerate its growth.

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