TRWH - Twin River launches debt offering and guides Q3 revenue above consensus
Twin River Worldwide Holdings (TRWH) to issue additional $125M of 6.750% senior unsecured notes due 2027 in a private offering. Net proceeds will be used for general corporate purposes. The company currently expects Q3 revenues in the range of $100M-$130M vs. consensus of $99.96M and Adjusted EBITDA of $30M-$40M. The company expects to be cash flow positive and ended the quarter with liquidity in excess of $360M inclusive of availability under its revolving credit facility.Press release
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Twin River launches debt offering and guides Q3 revenue above consensus