By Cady Vishniac
Detroit, Dec. 3 – LeoVegas AB has priced SEK 500 million of floating-rate senior bonds due Dec. 10, 2023 at Stibor plus 550 basis points, according to a company press release.
SEB and Swedbank acted as arrangers and joint bookrunners, and Gernandt & Danielsson acted as legal adviser.
Proceeds from the issue will be used to facilitate LeoVegas’ expansion strategy, to refinance existing debt and for potential acquisitions.
In conjunction with the offering, LeoVegas is also entering into a new three-year revolving credit facility agreement of €40 million.
The company intends to apply for listing of the bonds on Nasdaq Stockholm Corporate Bond List.
The gaming company is based in Sweden, with operations located mainly in Malta.
| Issuer: | LeoVegas AB
|
| Issue: | Floating-rate senior bonds
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| Amount: | SEK 500 million
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| Maturity: | Dec. 10, 2023
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| Bookrunners: | SEB and Swedbank
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| Coupon: | Stibor plus 550 bps
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