Media And Games Invest’s €40 Million Subsequent Bonds Issue

Gernandt & Danielsson has advised Media and Games on the deal.

Media and Games Invest plc has successfully placed a subsequent bond issue of EUR 40 million of its senior secured floating rate callable bonds listed on Nasdaq Stockholm with.

The subsequent bond issue was, following a short book building process, organized by Pareto Securities AB, heavily oversubscribed and was closed at a price of 100.75% of par. The subsequent bond is senior secured and carries a coupon of 3 months Euribor (with a zero floor) plus 5.75%.

The net proceeds from the subsequent bond issue are intended to be used to facilitate future organic growth and acquisitions. Following the subsequent bond issue, the total outstanding volume of the Bonds will be EUR 120 million and the maturity date is 27 November 2024.

Media and Games Invest plc is a digital integrated games and media company with main operational presence in Europe and North America. The company combines organic growth with value-generating synergetic acquisitions, demonstrating continuous strong, profitable growth with a revenue CAGR of 45% over the last 6 years. The Company’s shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market as well as an unsecured bond listed on the Frankfurt Stock Exchange Open Market.

The Gernandt & Danielsson team consisted of Mikael Borg (Picture), Mikael Bolling and Simon Wetterholm.

Involved fees earner: Mikael Bolling – Gernandt & Danielsson Advokatbyrå KB; Mikael Borg – Gernandt & Danielsson Advokatbyrå KB; Simon Wetterholm – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: Media and Games Invest plc ;

Author: Federica Tiefenthaler