Bond Issue

Successful placement of SEK 400 million senior secured bonds

Gaming Innovation Group Ltd. has successfully completed the issuance of a SEK 400 million senior secured bond in the Nordic bond market, with a SEK 1,250 million borrowing limit. The bond issue was significantly oversubscribed and received strong demand from across the Nordic region. Settlement is expected to be 6 March 2017, with final maturity 6 March 2020. The bond issue has a fixed coupon of 7.0% p.a. An application will be made for the bonds to be listed on Oslo Stock Exchange.

Net proceeds from the bond issue will primarily be used for acquisitions, mainly within affiliate marketing where GIG last week entered into an agreement on a new strategically important acquisition. Proceeds will also be used to refinance existing debt in full (EUR 6 million) as well as towards general corporate purposes.

"Our vision is to interconnect the operators and suppliers of the iGaming industry in an eco-system. The proceeds from this bond placement will allow us to acquire and invest into marketing businesses and distribution channels. This will greatly increase our traffic driving capability to our rapidly expanding eco-system. More volumes will benefit all the stakeholders with advantages of scale. Hence, this bond placement a massive milestone for GIG and our partners”, says Robin E. Reed, CEO of Gaming Innovation Group.

ABG Sundal Collier ASA acted as sole manager in connection with the placement of the new bond issue.