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Gamenet tenders for 200 million 7Ό% senior secured notes
New York, July 15 Gamenet SpA announced a tender offer for its 200 million of 7Ό% senior secured notes due 2018.
The company also issued a redemption notice for any notes not tendered.
Under the tender offer, Gamenet is offering to buy the debt at 1,108.125 per 1,000 principal amount plus accrued interest up to but excluding the payment date, according to a notice from the company.
The tender ends at 11 a.m. ET on July 25. Payment will take place promptly after the expiration of the tender and no later than Aug. 5.
Tenders will be accepted for a minimum of 100,000 and in multiples of 1,000 after that.
The notes were originally sold under Rule 144A and Regulation S but the tender only applies to Regulation S notes.
Gamenet said it will redeem any notes not tendered on Aug. 15 at 1,108.125 per 1,000 principal amount plus accrued interest up to but excluding the redemption date.
The tender offer and redemption are both subject to a financing condition.
Gamenets holding company, Gamenet Group SpA, plans to sell 200 million of new senior secured notes due 2021.
Credit Suisse Securities (Europe) Ltd. (+44 20 7883 8763 or liability.management@credit-suisse.com) is dealer manager for the tender offer. Lucid Issuer Services Ltd. (+44 20 7704 0880 or gamenet@lucid-is.com) is tender agent and information agent.
Gamenet is a Rome-based online gaming company.
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