Brief: Media And Games Invest Places EUR 80 Million Of Senior Secured Bonds

Mgi Media and Games Invest Se

13/11/2020 16:27

Nov 13 (Reuters) - MEDIA AND GAMES INVEST PLC  M8G.DE :
    * MEDIA AND GAMES INVEST SUCCESSFULLY PLACES EUR 80 MILLION
OF
SENIOR SECURED BONDS AT A COUPON OF 3 MONTHS EURIBOR PLUS 5.75
PER CENT
    * SUCCESSFUL BOND PLACEMENT OF EUR 80 MILLION (COUPON
3ME+5.75%)
    * REPAYMENT OF EXISTING EUR 50 MILLION GAMIGO AG BOND
(COUPON
3ME+7.75%)
    * INTEREST SAVINGS IN AMOUNT OF 2.00 PER CENT
    * PART OF NET PROCEEDS WILL CONSEQUENTLY BE USED TO REDEEM
EXISTING BOND (ISIN: SE0011614445) MATURING IN OCTOBER 2022.
    * REMAINING PART OF NET PROCEEDS WILL BE USED FOR GENERAL
CORPORATE PURPOSES OF GROUP
    * SETTLEMENT OF NEW BOND IS EXPECTED TO TAKE PLACE ON 27
NOVEMBER
2020 AND BOND WILL BE ISSUED AT A PRICE OF 98.00 PER CENT OF
NOMINAL AMOUNT.

Source text for Eikon:  ID:nEQ4Nk8nza 
Further company coverage:  M8G.DE 

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