Suitor simply refinances Aquisition could simply be adjusted to include refinancing of present debt
As previous post shows , the actual business benefits from Brexit
One thing that everyone should be aware of with respect to Brexit is that 70 percent of our revenues and a similar amount of our profits are in Sterling. However, 100 percent of the Jackpotjoy earn-out is in Sterling and 90 percent of the debt has been hedged into Sterling. So the majority of our cash outflows over the next year are in Sterling.What this means to us is that in Sterling terms, given that we do have around 30 percent of our profits and cash flows coming in other currencies, as the Sterling depreciates our Sterling—once you translate everything into Sterling, our profits and cash flows increase. And that increased cash flow will cover more of the Jackpotjoy earn-out and more of the debt. So fundamentally in terms of our business, a decline in the Sterling is a benefit to our business. However, of course, we're listed in Canadian dollars on the TSX at the moment, so there’s a translation hit that, of course, you can't get around that. But with respect to our business itself, a decline in Sterling is a benefit to our business.