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Gambling.com Group Plc (“Gambling.com 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 Gambling.com 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 Gambling.com Group Plc.
Gambling.com 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, Gambling.com® as well as Bookies.com and the CasinoSource℠ series of portals, among many others.