Betsson seeks new debt bond to pursue future growth options

Stockholm-listed Betsson AB has announced that it will pursue issuing a new senior unsecured bond, seeking to raise minimum debt funding of SEK 500 million (€47 million) tp help the firm’s ongoing expansion initiatives.

Updating investors, Betsson governance has instructed Scandinavian investment banks Nordea and Swedbank to act as joint book-runners, leading the transaction’s investment procedures.

Betsson governance discloses that it seeks three-year tenure on its unsecured bond terms, which will be issued subject to market conditions.

“Betsson has the ambition to grow, organically and through acquisitions,” said Pontus Lindwall, Group CEO and President of Betsson AB. “This should be done in a profitable and sustainable manner, primarily in locally regulated markets and we continuously evaluate additional markets to grow in. With this planned bond issue, we secure financial flexibility to execute our long-term strategy.”

Despite operating within the consolidated European online gambling marketplace, Betsson AB has not sanctioned a debt bond since November 2016, securing SEK 1 billion (€86 million) to fund the firm’s acquisitions of Racebets Germany and UK interactive gambling operator NetPlay TV for £26 million.

Check Also

Lord Foster takes charge of ‘Peers for Gambling Reform’ group

A group of peers within the House of Lords will undertake a review of gambling …

Crouchy soothes fans’ nerves in new Paddy Power ad

Following its ‘socially distanced title-party’ and March’s attempt at becoming a Cheltenham Festival jockey, Paddy …

Betway puts new spin on Kevin Pietersen partnership

Online operator Betway has extended its partnership with Kevin Pietersen, which will see the Ashes …