LeoVegas AB (publ) (”LeoVegas”) has successfully issued subsequent senior unsecured bonds in an amount of SEK 200m under its existing framework of up to SEK 800m with ISIN SE0015242854 that have a margin of STIBOR 3m +550 basis points. The bonds were issued above par at a price of 103 per cent. of the nominal amount per bond, which corresponds to a floating rate interest of STIBOR 3m + 395 basis points until first call date. The bonds are due in December 2023 and the aggregate total amount of bonds outstanding under the Company's framework now amounts to SEK 700m.
The proceeds from the subsequent bond issue will contribute to an optimal capital structure and increased financial flexibility. LeoVegas intends to apply for listing of the new bonds on the corporate bond list of Nasdaq Stockholm.
Swedbank has acted as arranger and sole bookrunner in conjunction with the issuance of the bonds and Gernandt & Danielsson has acted as legal advisor.