Gamenet launches €225 million offering of secured notes due 2023

New York, April 16 – Gamenet Group SpA launched a €225 million offering of senior secured notes due 2023.

The new notes are being offered under Rule 144A and Regulation S.

Proceeds from the new notes will be used to redeem the company’s outstanding senior secured notes, to repay all borrowings under its revolving credit facility and to pay fees and expenses.

Gamenet also announced on Monday that it will redeem all €200 million of its 6% senior secured notes due 2021 on April 26.

Further details about the new offering were not immediately available.

Gamenet is a Rome-based online gaming company.

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