Gamenet talks €225 million five-year floater at Euribor plus 525 bps; pricing Thursday

By Paul A. Harris

Portland, Ore., Sept. 12 – Gamenet Group SpA talked its €225 million offering of five-year senior secured floating-rate notes due 2023 (B1/B+) with a 525 basis points spread to Euribor and a 0% Euribor floor, a market source said on Wednesday.

Books close Thursday.

UniCredit and Nomura are leading the deal in a syndicate of banks that also includes Credit Suisse and Intermonte SIM.

The Rome-based online gaming company plans to use the proceeds to finance part of its acquisition of 100% of the share capital of GoldBet Srl, which is also a gaming and betting company based in Italy, for €265 million.

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