Betsson selling at least €100m of bonds to fund M&A
Betsson AB has mandated Swedbank AB as ‘global coordinator’ and Arctic Securities AS, filial Sverige as ‘bookrunner’ together with Swedbank to arrange meetings with bond investors starting on 9 September 2024 to explore the possibility of issuing new senior unsecured bonds denominated in EUR with a maturity of three years and an expected volume of EUR 100,000,000 during a framework of a total of EUR 250,000,000.
The issue proceeds from the New Bond shall be used to refinance outstanding bonds and for general corporate purposes including acquisitions.
In connection with the intended issuance of the New Bond Loan, Betsson announces that they are offering holders of the Company’s existing unsecured bond loan with an outstanding nominal amount of EUR 100,000,000, due in June 2025 with ISIN SE0017769672 to participate in a repurchase where the Company buys back part or all of the Outstanding Bond Loan for cash consideration at a price corresponding to 103.25 percent of the nominal amount plus accrued and unpaid interest.