ABGSC acted as sole financial advisor to Net Gaming in connection with the amendment of the terms of the outstanding senior secured bond loan 2017/2020

On Tuesday 21 April 2020, Net Gaming Europe AB (“Net Gaming” or the “Company”) announced a notice of a written procedure for its outstanding SEK 375 million senior secured bonds. The purpose of the written procedure is for the bondholders to grant consent to certain amendments to the terms and conditions of the bonds. The overall objective of the amendments proposed is to postpone the bonds’ final redemption date by two years, to September 2022, in order to allow sufficient time to improve operational performance within the group and hence increase and improve refinancing options for Net Gaming in a more steady market.
The written procedure voting outcome was announced on Monday 18 May, showing that a requisite majority of the voting bondholders have voted in favour of the request to amend the terms and conditions of the Company’s bonds. The amendment to the terms and conditions is therefore now deemed approved.