By Wendy Van Sickle
Columbus, Ohio, June 14 – Gaming Innovation Group plc priced SEK 400 million of three-year senior secured bonds with a floating coupon of Stibor plus 900 basis points, according to a company notice.
ABG Sundal Collier and Pareto Securities were the bookrunners.
Application will be made to list the bonds on Nasdaq Stockholm.
Proceeds will be used to refinance a SEK 350 million portion of the company’s SEK 650 million bonds and to pay down parent company Gaming Innovation Group Inc.’s working capital facility.
Gaming Innovation is an internet gaming company that operates in Malta.
| Issuer: | Gaming Innovation Group plc
|
| Issue: | Senior secured bonds
|
| Maturity date: | June 28, 2022
|
| Bookrunners: | ABG Sundal Collier and Pareto Securities
|
| Coupon: | Stibor plus 900 bps
|
| Pricing date: | June 14
|
| Settlement date: | June 28
|
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