Brief: Toadman Interactive Issues SEK 120 Mln In 3-Year Senior Secured Bonds

Enad Global 7 AB (publ)

10/06/2019 12:03

June 10 (Reuters) - Toadman Interactive AB  TOAD.ST :
    * TOADMAN INTERACTIVE ISSUES SEK 120M IN 3-YEAR SENIOR
SECURED
BONDS
    * HAS SUCCESSFULLY PLACED SEK 120M IN SENIOR SECURED BONDS
UNDER A
BOND LOAN WITH A FRAMEWORK OF SEK 500M AND A MATURITY IN JUNE
2022
    * INTEREST RATE FOR BOND LOAN WAS SET TO A FIXED INTEREST
RATE OF
12%
    * PROCEEDS FROM BOND ISSUE WILL BE USED TO FINANCE CASH
CONSIDERATION FOR ACQUISITION OF PETROL ADVERTISING, INC.
("PETROL") AND FOR GENERAL CORPORATE PURPOSES
    * BOND LOAN HAS A TENOR OF 3 YEARS AND HAS A FIRST POSSIBLE
CALL
DATE AFTER 18 MONTHS

Source text for Eikon:  ID:nWkr6GYD6q 
Further company coverage:  TOAD.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))