Betsson eyes new acquisitions after €75.0m bond issue

Betsson eyes new acquisitions after €75.0m bond issue

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
September 6, 2023 8:09 PM

Betsson has completed a €75.0m ($80.6m) bond issue, revealing it plans to use the funds to pursue new investments including acquisitions. The senior unsecured bond issue comprises a framework of up to €25.0m with a tenor of three years. The bonds have a final maturity date in September 2026.

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Setting out the reasons behind the issue, Betsson says proceeds will be used towards general corporate purposes. These include, but are not limited to, new acquisitions.

Nordea acted as global coordinator with Nordea and Swedbank as joint bookrunners in connection with the issue. Gernandt & Danielsson acted as legal counsel.

“The new bond provides us with additional financial flexibility and supports Betsson’s long-term strategy,” Betsson chief financial officer Martin Öhman said.