Media and Games ups four-year floaters to €200 million-€225 million; pricing Friday

By Paul A. Harris

Portland, Ore., March 9 – Media and Games Invest SE upsized its offering of four-year senior secured floating-rate notes to a range of €200 million to €225 million, according to a debt capital markets banker in London.

It was previously in the market sized at €200 million.

The deal comes with spread talk of three-month Euribor plus 725 basis points. Initial talk was 700 bps to 725 bps.

Pareto Securities is leading the notes sale.

Books were set to shut at Thursday’s close of business in London, and the deal is expected to price on Friday.

The notes come with two years of call protection.

The Malta-based advertising software platform company plans to use the proceeds for general corporate purposes, including investments, capital expenditures and acquisitions.

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