We advised the initial purchasers on the high-yield debt offering

Davis Polk advised the representative of the several initial purchasers, in connection with the offering by Raptor Acquisition Corp. and Raptor Co-Issuer LLC of $350 million aggregate principal amount of their 4.875% senior secured notes due 2026. Upon satisfaction of certain escrow conditions, the proceeds of the notes will be used to fund the acquisition of Great Canadian Gaming Corporation by Raptor Acquisition Corp. and subsequent amalgamation of Raptor Acquisition Corp. with Great Canadian Gaming Corporation, as well as to pay related fees, costs, premiums and expenses. These notes are part of the debt financing provided to an investor group led by Apollo Global Management, Inc. in connection with its acquisition of Great Canadian Gaming Corporation.

Apollo Global Management, Inc. is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. 

Great Canadian Gaming Corporation is a leading gaming, entertainment and hospitality operator in Canada with casino operations in British Columbia, Nova Scotia, New Brunswick and Ontario.

The Davis Polk capital markets team included partners Michael Kaplan and Marcel Fausten, counsel Jennifer Ying Lan and associate Elijah D. Jenkins. Associate Dov Sussman provided tax advice. Counsel Sanders Witkow and associate Stephen M. Rettger provided finance advice. Partner Pritesh Shah and associate Alison T. Chin provided intellectual property advice. Environmental advice was provided by counsel David A. Zilberberg. All members of the Davis Polk team are based in the New York office.

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