Betsson To Raise More Capital

Investor meetings scheduled to discuss upcoming 3 year bond issue

The mainly online Swedish gambling group Betsson AB has announced a series of fixed income investor meetings commencing November 14 at which a proposed SEK-denominated senior unsecured 3 year bond issue will be discussed, the proceeds from which will be used to facilitate the group's acquisition strategy, refinancing debt and general corporate purposes.
"Betsson has a clear acquisition strategy and we constantly review opportunities that could materialise in the short or medium-term. The planned bond issue creates increased financial flexibility for Betsson to continue to be active in the consolidation of the gaming sector," said Ulrik Bengtsson, CEO and President of Betsson AB in a company statement Monday.
Betsson primarily targets companies in markets that are regulated or are about to be regulated.

Online Casino News Courtesy of Infopowa