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Ritzio raises $280m
Published:  01 September, 2007

Ritzio International has raised $280 million through its debut placement of Limited Recourse Notes (LRNs), more commonly called Credit Linked Notes (CLNs).

The CLNs have a maturity of three years with a semi-annual fixed coupon rate of 10%.

Vitaly Veselko, CEO, Ritzio International, said, “The proceeds from these notes will enable us to grow and diversify our business, particularly in Germany and Italy. These countries have amended gaming legislation in a way that suits the Ritzio model.”

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