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Published on 12/6/2023 in the Prospect News High Yield Daily.

New Issue: Gaming Innovation completes €75 million equivalent dual-tranche bond offering

Chicago, Dec. 6 – Gaming Innovation Group issued €75 million equivalent of three-year senior secured bonds, divided into two tranches, according to a news release.

The €45 million and SEK 350 million tranches have a combined borrowing limit of €100 million equivalent.

Proceeds will be used to call an existing SEK 550 million bond in full, partly finance the acquisition of KaFe Rockas and for general corporate purposes.

ABG Sundal Collier and Pareto Securities were the joint managers and bookrunners.

The gaming technology group operates out of Malta.

Issuer:Gaming Innovation Group
Amount:€45 million, SEK 350 million
Issue:Senior secured bonds
Tenor:Three years
Bookrunners:ABG Sundal Collier and Pareto Securities
Announcement date:Dec. 6

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