ABG Sundal Collier acted as joint bookrunner for European Entertainment Group in connection with the EUR 585 million senior secured bond issue

European Entertainment Group, a leading pan-European multi-brand gaming operator and provider of interactive entertainment, has successfully placed new senior secured bonds in the amount of EUR 585 million under a framework of EUR 800 million. The company is majority-owned by Bridgepoint, who together with the other minority-owners established the company in connection with the take-private of Cherry AB (publ) in 2019.
The proceeds from the bond issue will be used to refinance European Entertainment Group’s existing credit facilities and for general corporate purposes.
The transaction attracted strong demand from top-tier institutional investors across Europe and in the United States.