gamigo AG successfully places bond of EUR 32 million

The gamigo group is pleased to announce that it has successfully placed senior secured bonds in the amount of EUR 32 million pursuant to a bond frame of up to EUR 50 million, following a European bookbuilding process. The bonds, maturing in October 2022, will bear a floating rate coupon of 3 months Euribor + 7.75%. The proceeds from the bond issue will be used to repay existing debt, finance further growth and M&A as well as other general corporate purposes. The bonds will be listed on Nasdaq Stockholm and Frankfurt Stock Exchange Open Market with ISIN: SE0011614445. Pareto Securities acted as Sole Bookrunner for the bond issue.

“We are very pleased with the interest and support that we have received from investors primarily in Sweden and Continental Europe. This bond issue enables us to continue pursuing our growth ambitions including further M&A”, says Remco Westermann, CEO of the gamigo group.

About gamigo:

gamigo is a leading game publisher in Europe and North America, concentrating on online and mobile games. The company actively launches online and mobile games and has shown a strong growth trackrecord in the previous years as market consolidator.

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About gamigo group

The gamigo group is one of the leading publishers of online and mobile games in Europe and North America. The group’s diverse game portfolio includes free-to-play titles such as Fiesta Online, Trove, Wizard101, Extreme Car Driving Simulator, RIFT and upcoming games. Counting more than 250 employees, gamigo group is one of the largest players in the gaming industry. Besides its German locations in Hamburg (HQ) and Berlin, the gamigo group also has branches in Austin (US), Sevilla (Spain) and Cebu City (Philippines). In addition to gamigo AG, the group includes companies such as gamigo Inc. operating as “WildTangent”, gamigo US Inc., gamigo Publishing GmbH, gamigo Portals GmbH, KingsIsle Entertainment, Inc. and AxesInMotion, S.L.  The gamigo group strives to grow organically as well as through acquisitions. Since 2013, it has made more than 25 acquisitions, including titles, gaming and technology companies as well as individual game assets. The gamigo group is part of Verve Group SE.

Learn more about gamigo group at https://corporate.gamigo.com/. Learn more about Verve Group SE at https://investors.verve.com/.

 

Contact

gamigo AG Behringstraße 16b 22765 Hamburg – Germany

+49-40-411 885 132

pr@gamigo.com

corporate.gamigo.com