Net Gaming Europe AB (publ) (the “Company”) is investigating the possibility to issue a secured bond with the purpose of refinancing the Company’s existing bond and the Company’s existing convertible loan in part as well as future acquisition financing.
Net Gaming Europe AB (publ) is investigating the possibility to issue a secured bond in an initial amount of SEK 325 million, with the possibility to make subsequent tap issues of up to maximum SEK 1,000 million maturing in September 2020. ABG Sundal Collier AB has been mandated as the Company’s financial advisor for the bond.
The purpose of the bond is to refinance the Company’s existing bond amounting to SEK 190 million issued in October 2016 and to prepay up to SEK 70 million of the Company’s outstanding convertible loan as well as future acquisition financing. To enable the prepayment of the convertible loan, the Company has convened a meeting with the holders of the convertibles to vote in favor of a change of the terms and conditions for the convertibles. The summons to the holders’ meeting is published on the Company’s website. The proposed changes would enable the Company to amortise 50% of the initial convertible loan amount without having to increase its equity by way of a new share issue in the corresponding amount. To adopt the proposed changes, holders’ representing at least 50% of the outstanding convertible loan amount has to vote in favor of the proposition. The Company has obtained commitments to vote in favor of the proposal from holders representing 68% of the outstanding convertible loan amount.
For further information please contact:
Marcus Teilman, CEO
Net Gaming Europe AB (publ)
E-mail: [email protected]
This information is information that Net Gaming Europe AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU), and when applicable, the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out below, at 08:30 CET on 4 September 2017.