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 groups acquisition strategy, refinancing debt and general corporate purposes.
"Betsson has a clear acquisition strategy and we constantly review opportunities that could materialize 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.