Ahead of its listing on the NASDAQ Stockholm Exchange,industry affiliate network Gambling.com Group has published a corporate bond prospectus for €16 million
The bond prospectus is attached to Gambling.com’s October 22 announcement, in which the firm declared that it would sanction a senior-secured-notes transaction seeking to raise target funds of €16 million.
The secured transaction carries a three-year tenor, set at a fixed interest rate of 10.5%. The bond sees Gambling.com expand its available debt framework to circa €25 million, having partially redeemed on €7 million convertible bond issue transacted in February 2017.
Swedish investment fund Intertrust has served Gambling.com as the lead bond-holding agent, with the bond notes serviced by Euroclear Sweden AB as depository.
The bond prospectus is available on the group’s corporate website www.gambling.com/corporate and on the Swedish Financial Supervisory Authority website www.fi.se.
The news comes just days after Gambling.com Group acquired Bookies.com as part of a transaction which closed in February of this year. The website will be relaunched with a new, US-first focus, with Gambling.com Group Chief Executive Charles Gillespie insisting that affiliates will have a “much more important role to play in the US market”.
Gambling.com will continue to add coverage for all US states with regulated sports betting as well as a host of additional, interactive features. Content for the UK market has also been included as the website’s historical user base is in the United Kingdom.
Twitter has launched a strategy guide aimed at businesses and professionals that will help with their social media marketing