By William Gullotti
Buffalo, N.Y., Sept. 14 – Azerion Group NV placed €165 million of senior secured floating-rate bonds with a three-year tenor at 98.5, according to a press release on Thursday.
The Regulation S bonds are issued under a €300 million framework to qualified international investors, with Pareto Securities AB acting as sole bookrunner.
Interest will be three-month Euribor plus 675 basis points.
The bonds will be listed on the Frankfurt Stock Exchange Open Market, as well as on a yet-unnamed regulated market within 60 days after settlement.
Proceeds will be used for general corporate purposes and to partially fund the company’s redemption of €200 million 7¼% senior secured fixed-rate bonds due April 28, 2024 (ISIN: SE0015837794).
Based in Amsterdam, Azerion is one of Europe’s largest digital advertising and entertainment media platforms.
| Issuer: | Azerion Group NV
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| Amount: | €165 million
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| Issue: | Senior secured floating-rate bonds
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| Tenor: | Three years
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| Bookrunner: | Pareto Securities AB
|
| Legal adviser: | Roschier Advokatbyra
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| Coupon: | Three-month Euribor plus 675 bps
|
| Price: | 98.5
|
| Trade date: | Sept. 14
|
| Settlement date: | Oct. 2
|
| Distribution: | Regulation S
|
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