Corporate Home  »  Newsroom  » Group Issues EUR 16 Million in Senior Secured Bonds Group Issues EUR 16 Million in Senior Secured Bonds

October 11th, 2018

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL. Group Plc (“ Group” or the “Company” and, together with its subsidiaries, the “Group”) today announces that the Company is issuing a EUR 16 million senior secured bond due 2021 under a total framework of EUR 25 million, with the intention to apply for a listing of the bond on Nasdaq Stockholm.

The bond loan has a 3-year tenor with a fixed interest rate of 10.5 per cent. The issue date is set to 22 October 2018. The Company intends to apply for a listing of the bonds on Nasdaq Stockholm. The Company has a right to call the bonds after eighteen (18) months.

The Group will use the net proceeds to refinance existing debt and for general corporate purposes.

Charles Gillespie, CEO of Group comments, “With this bond issue completed, management will be able to focus on operational execution instead of fundraising. We see enormous opportunity in the regulated online gambling business in the United States and want to give it our undivided attention.”

Carnegie Investment Bank AB (publ) acted as Sole Bookrunner and White & Case Advokat AB acted as legal adviser in connection with the bond issue.


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About Group Plc. Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of over 80 and operates from offices in Dublin, Tampa, Monaco and Malta. The group publishes websites that offer comparisons and reviews of online gambling websites in 15 national markets in 9 languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The group’s publishing assets include the leading iGaming industry portal,® as well as and the CasinoSource℠ series of portals, among many others.