LeoVegas Could Take Bond Issuance to Facilitate Expansion Strategy
by Glenn Baird - November 27, 2020
At the end of this month, LeoVegas will meet with investors in order to consider plans for a bond issuance of SEK 500m, the equivalent of $50m.
The issuance bond would be issued within a framework of an overall SEK 1.2bn over a period of 3 years.
A statement on LeoVegas’ website described how the funds would be utilised. It read: “The proceeds from the potential bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions.”
LeoVegas CEO Gustaf Hagman, said: “With this, we ensure a long-term and stable financing for LeoVegas. We strengthen the company’s financial flexibility and diversify our financing with the combination of a bond and new bank loans.
“This enables us to continue to deliver on our expansion strategy where we focus on regulated markets and markets soon to become regulated.”
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