LeoVegas issues bonds of SEK 500M
LeoVegas AB (publ) (”LeoVegas”) has successfully issued a senior unsecured bond of SEK 500m under a framework of SEK 800m. The bonds have a tenor of 3 years and a floating interest rate of STIBOR three months plus 550 basis points and will mature on 10 December 2023. LeoVegas intends to apply for listing of the bonds on Nasdaq Stockholm Corporate Bond List. The proceeds from the bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions. In conjunction with the transaction, LeoVegas also enters into a new three-year revolving