Betsson makes renewed M&A push with €75 million bond sale
Betsson AB has successfully issued senior unsecured bonds in a total amount of EUR 75,000,000 under a framework of up to EUR 250,000,000 with a tenor of three years, a floating interest rate of EURIBOR three months plus 460 bps and final maturity date in September 2026.
The net proceeds from the issue of the Bonds will be used towards general corporate purposes of the Group, including but not limited to acquisitions.
Comment from Martin Öhman, CFO Betsson AB: “The new bond provides us with additional financial flexibility and supports Betsson’s long-term strategy, which means continued investments to drive profitable growth.”
Nordea has acted as global coordinator and Nordea and Swedbank have acted as joint bookrunners in connection with the issue of the Bonds and Gernandt & Danielsson has acted as legal counsel.