ABG Sundal Collier acted as Joint Bookrunner to Gaming Innovation Group in connection with a EUR/SEK dual tranche senior secured bond issue

Gaming Innovation Group Plc (“GiG”), a leading iGaming technology company, providing solutions, products and services to iGaming operators, has successfully raised a new 3-year EUR 75 million equivalent senior secured bonds, split in a EUR 45m and a SEK 350m tranche, under a framework of EUR 100m million (equivalent). The bond has a floating interest rate of 3 months EURIBOR / STIBOR + 7.25% and will be listed on the Corporate Bond List of Nasdaq Stockholm and Frankfurt Stock Exchange Open Market. The net proceeds from the bond issue will be used to refinance GiG’s outstanding SEK 550 million bond, partly finance the acquisition of KaFe Rocks and for general corporate purposes.
This is the sixth bond by GiG and ABGSC has raised a combined SEK ~2.5bn for GiG since 2017.
The transaction was oversubscribed and received strong demand from investors across the Nordics, continental Europe, and the US, with participation in the placement from existing as well as new investors.