Sweden-based gaming operator Cherry has issued a four-year senior secured bond in the amount for €50m.
The net proceeds will be used to partly finance the acquisition of 49 per cent of the shares in ComeOn Malta in the next four weeks, with an option to acquire the remaining 51 per cent.
The bond was placed with more than 70 investors across the Nordic region.
“We are pleased with the large interest among Nordic investors for the bond issue, despite challenging market conditions,” says Fredrik Burvall, CEO of Cherry.
“The access to the corporate bond market demonstrates investors’ trust for Cherry, the acquisition of ComeOn and our business model. The bond issue enables Cherry to complete the acquisition of the initial 49 per cent of ComeOn.”
