{"id":392895,"date":"2020-12-03T10:53:59","date_gmt":"2020-12-03T15:53:59","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392895"},"modified":"2020-12-03T10:53:59","modified_gmt":"2020-12-03T15:53:59","slug":"leovegas-issues-bonds-of-sek-500m","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leovegas-issues-bonds-of-sek-500m\/","title":{"rendered":"LeoVegas issues bonds of SEK 500M"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n STOCKHOLM<\/span>, Dec. 3, 2020<\/span> \/PRNewswire\/ — LeoVegas AB (publ) (“LeoVegas”) has successfully issued a senior unsecured bond of SEK 500m<\/span> under a framework of SEK 800m<\/span>. The bonds have a tenor of 3 years and a floating interest rate of STIBOR three months plus 550 basis points and will mature on 10 December 2023<\/span>. LeoVegas intends to apply for listing of the bonds on Nasdaq Stockholm Corporate Bond List. The proceeds from the bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions. In conjunction with the transaction, LeoVegas also enters into a new three-year revolving credit facility agreement of EUR 40m<\/span>.<\/p>\n

“LeoVegas has secured a long-term and diversified financing with a combination of bank- and bond loans. We are pleased with the positive response that LeoVegas received from the bond market, appreciating LeoVegas’ strong cash flows and growth prospects. Together with a strong balance sheet, LeoVegas has a stable financial position, which gives us excellent conditions to continue delivering on our expansion strategy – focusing on organic expansion as well as strategic and complementary acquisitions” says Gustaf Hagman<\/span>, Group CEO<\/p>\n

In conjunction with the issue of the bonds, SEB and Swedbank acted as arrangers and joint bookrunners and Gernandt & Danielsson acted as legal advisor.<\/p>\n

\n This information is such that LeoVegas AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation 596\/2014. The information in this press release has been published through the agency of the contact persons set out below, at the time stated by LeoVegas AB’s (publ) news distributor Cision, upon publication of this press release. The persons indicated below can also be contacted for further information.<\/i>\n <\/p>\n

\n FOR FURTHER INFORMATION, PLEASE CONTACT:<\/b>
\n
\n
\n Gustaf Hagman<\/span>, Group CEO <\/b>
\n
+46 (0) 8 410 367 66, gustaf.hagman@leovegasgroup.com<\/a>
Stefan Nelson<\/span>, Group CFO <\/b>
+356\u00a0993\u00a0942 68, stefan.nelson@leovegasgroup.com<\/a>
Philip Doftvik, Director of Investor Relations and Corporate Finance<\/b>
+46 73 512 07 20, philip.doftvik@leovegasgroup.com<\/a><\/p>\n

\n ABOUT LEOVEGAS MOBILE GAMING GROUP:<\/b>
\n
LeoVegas vision and position is “King of Casino”.\u00a0The global group\u00a0LeoVegas Mobile Gaming Group\u00a0offers games on Casino, Live Casino, Bingo and Sport.\u00a0The parent company LeoVegas AB (publ.)\u00a0is\u00a0located in Sweden<\/span> and its operations are mainly\u00a0located in\u00a0Malta.\u00a0The company’s shares are listed on Nasdaq Stockholm.\u00a0www.leovegasgroup.com<\/a><\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

\n https:\/\/news.cision.com\/leovegas-mobile-gaming-group\/r\/leovegas-issues-bonds-of-sek-500m,c3248886<\/a>\n <\/p>\n

The following files are available for download:<\/p>\n

\n\n\n
\n

\n
\n https:\/\/mb.cision.com\/Main\/17434\/3248886\/1343975.pdf<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n LeoVegas issues bonds of SEK 500M<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/leovegas-issues-bonds-of-sek-500m-301185904.html<\/a><\/p>\n

SOURCE LeoVegas Mobile Gaming Group<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire STOCKHOLM, Dec. 3, 2020 \/PRNewswire\/ — LeoVegas AB (publ) (“LeoVegas”) has successfully issued a senior unsecured bond of SEK 500m under a framework of SEK 800m. The bonds have a tenor of 3 years and a floating interest rate of STIBOR three months plus 550 basis points and will mature on 10 December 2023. LeoVegas intends to apply for listing of the bonds on Nasdaq Stockholm Corporate Bond List. The proceeds from the bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions. In conjunction with the transaction, LeoVegas also enters into a new three-year revolving credit facility agreement of EUR 40m. “LeoVegas has secured a long-term and diversified financing with … <\/p>\n

Continue reading “LeoVegas issues bonds of SEK 500M”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392895","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLeoVegas issues bonds of SEK 500M - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/leovegas-issues-bonds-of-sek-500m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LeoVegas issues bonds of SEK 500M - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire STOCKHOLM, Dec. 3, 2020 \/PRNewswire\/ — LeoVegas AB (publ) (“LeoVegas”) has successfully issued a senior unsecured bond of SEK 500m under a framework of SEK 800m. The bonds have a tenor of 3 years and a floating interest rate of STIBOR three months plus 550 basis points and will mature on 10 December 2023. LeoVegas intends to apply for listing of the bonds on Nasdaq Stockholm Corporate Bond List. The proceeds from the bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions. In conjunction with the transaction, LeoVegas also enters into a new three-year revolving credit facility agreement of EUR 40m. “LeoVegas has secured a long-term and diversified financing with … Continue reading "LeoVegas issues bonds of SEK 500M"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/leovegas-issues-bonds-of-sek-500m\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T15:53:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO12369&sd=2020-12-03\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LeoVegas issues bonds of SEK 500M\",\"datePublished\":\"2020-12-03T15:53:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=IO12369&sd=2020-12-03\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leovegas-issues-bonds-of-sek-500m\\\/\",\"name\":\"LeoVegas issues bonds of SEK 500M - 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