Betsson AB has appointed Swedbank AB as the "Global Coordinator" and its subsidiary Arctic Securities AS, Sverige as the "Bookrunner" to arrange meetings with bond investors starting from September 9, 2024, to discuss the issuance of new senior unsecured bonds denominated in euros, with a three-year term and an expected issue amount of 100,000,000 euros, within a total issuance framework of 250,000,000 euros.
The proceeds from the new bond issuance will be used for the refinancing of outstanding bonds and general corporate purposes including acquisitions.
For the issuance of the new bonds, Betsson has announced that they will offer the holders of the company's existing unsecured bond loans the opportunity to participate in a buyback. These loans have an outstanding nominal amount of 100,000,000 euros, maturing in June 2025, with ISIN SE0017769672. The company will repurchase part or all of the outstanding bond loans in cash at a price equivalent to 103.25% of the nominal amount, plus accrued unpaid interest.