LeoVegas issues bonds of SEK 500M

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 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, Group CEO

In conjunction with the issue of the bonds, SEB and Swedbank acted as arrangers and joint bookrunners and Gernandt & Danielsson acted as legal advisor.

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.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gustaf Hagman, Group CEO
+46 (0) 8 410 367 66, [email protected]
Stefan Nelson, Group CFO
+356 993 942 68, [email protected]
Philip Doftvik, Director of Investor Relations and Corporate Finance
+46 73 512 07 20, [email protected]

ABOUT LEOVEGAS MOBILE GAMING GROUP:
LeoVegas vision and position is "King of Casino". The global group LeoVegas Mobile Gaming Group offers games on Casino, Live Casino, Bingo and Sport. The parent company LeoVegas AB (publ.) is located in Sweden and its operations are mainly located in Malta. The company's shares are listed on Nasdaq Stockholm. www.leovegasgroup.com

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SOURCE LeoVegas Mobile Gaming Group