Betsson AB has bolstered its M&A options by completing a senior unsecured bond issuance of €75m. The €75m bond is authorised under a larger framework, which provides Betsson access to capital of up to €250m. The transaction is set at a three-year tenor, with the bond’s maturity date scheduled for September 2026. The interest rate is based on EURIBOR for …
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Betsson nets €90m from new bond placement
Betsson AB has disclosed that it has successfully completed a transaction to issue a total of €90 million in unsecured bonds. The transaction forms part of a new financial framework, entered by Betsson, that will allow the Stockholm-listed operator to issue up to €250 million in unsecured bonds over a three-year period. Terms of the framework see Betsson agree to …
Read More »Betsson secures SEK 1bn bond placement
Declaring an ‘oversubscribed placement’, Stockholm-listed Betsson AB has secured its target SEK €1 billion (€90 million) senior secured bond transaction. This September, Betsson governance moved to sanction a minimum SEK 500 million (€47 million) bond placement, led by Scandinavian investment banks Nordea and Swedbank acting as joint book-runners. The bonds, placed under a framework of SEK2.5bn, have a tenor of three years and will mature …
Read More »Betsson appoints Martin Öhman as new Group CFO
Issuing a market update, Stockholm-listed Betsson AB has confirmed the appointment of Martin Öhman as inbound Group Chief Financial Officer (CFO), joining Betsson leadership on 1 September 2019. The appointment sees Betsson governance end its six-month executive search for a new corporate financial lead, following the departure of former CFO incumbent Kaaren Hilsen, who returned to Telenor Sweden last September. …
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