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Catena Media plc promulgates the early redemption of existing bonds

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Catena Media plc, a performance marketing company released a notification that states that it will redeem in full its outstanding bonds 2016/2019 with ISIN SE0008964720 (the “Existing Bonds”).With the early redemption date set to March 16, 2018.

Clinging to the terms and conditions of the Existing Bonds, all Existing Bonds will be redeemed at the redemption price of 103.38 per cent. of the nominal amount (i.e. EUR 103,380 per Existing Bond). Any accrued and unpaid interest will also be paid in respect of the Existing Bonds in accordance with the terms and conditions of the Existing Bonds.

Each person registered as the owner of Existing Bonds in the debt register maintained by Euroclear Sweden will be paid the redemption amount at the end of business on March 9, 2018. With regard to the redemption, the Existing Bonds will be delisted from Nasdaq Stockholm.

A notice of early redemption is sent directly to registered owners and registered authorised nominees (Sw. förvaltare) of the Existing Bonds as of February 16, 2018, in the debt register.

This announcement is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Catena Media.

About Catena Media

Catena Media plc is an online performance marketing company that has established a leading position through strong organic growth and acquisitions. The business was started in 2012 and the group had 282 employees by the end of 2017 in the US, Australia, Japan, Serbia, UK, and Malta, where the Head Office is situated. In 2017, revenues reached EUR 67,6 million. The company is listed on Nasdaq Stockholm Mid Cap.

Further information is available at www.catenamedia.com.

Catena Media plc (“Catena Media” or “the Group”) has successfully placed EUR 150 million senior unsecured bonds due 2021 (the “New Bonds”) under a framework of EUR 250 million (the “New bond Loan”). The interest rate for the New Bonds is Euribor 3m + 5.50 percent, with a Euribor floor at 0. Catena Media intends to list the New Bonds on Nasdaq Stockholm.

The proceeds from the transaction will be used to refinance Catena Media’s existing EUR 100 million outstanding bonds with ISIN SE0008964720 maturing in September 2019 (the “Existing Bonds”) and for general corporate purposes, including acquisitions.

Through the issue of the New Bond Loan, the Company secures multiple financial benefits compared to the Existing Bonds including i.a.:

Reduced interest rate margin, from 6.75% to 5.50%

Increased framework amount, from EUR 100 million to EUR 250 million

Release of security, which security can be utilized for other sources of financing

Increased permission for additional debt, including bank debt, from approximately EUR 3 million to the higher of EUR 30 million or 75% of the Group’s EBITDA

Henrik Persson Ekdahl, the Acting CEO said:  “We are very pleased with the great interest that has been shown from investors to participate in this transaction, both from our existing bondholders rolling over to the New Bonds as well as from new investors. The New Bonds provide us with a lower cost of financing as well as increased flexibility for additional financing, which we consider as an important step in our continued development. With this, we have enhanced our capacity to continue on our strategic path and to be a leading player in the ongoing consolidation of the affiliate market space.”

Further information regarding the redemption of the Existing Bonds will be announced by Catena Media in a separate press release.

Carnegie and Danske Bank acted as Joint Bookrunners to Catena Media in connection with the transaction and Gernandt & Danielsson acted as legal advisor.

For further information, please contact:

Henrik Persson Ekdahl, Acting CEO, Catena Media Plc
Phone: +46 706 91 43 43, E-mail: henrik.persson@catenamedia.com

Åsa Hillsten, Head of IR & Communications, Catena Media Plc
Phone: +46 700 81 81 17, E-mail: asa.hillsten@catenamedia.com

This information is the affirmation that Catena Media plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons above, on February 16th, 2018 at 15:30 CET.

 


Source: European Gaming Media and Events

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Breaking News: Dutch Senate votes to legalize online gambling

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The Netherlands Senate voted today in favor of the country’s long-awaited online gaming legislation, which was approved by the House of Representatives back in 2014.

The new regulatory regime will allow operators to secure online sports betting and casino gaming licenses to serve Dutch consumers, subject to secondary legislation that is yet to be submitted for European Commission approval.

Today, the Dutch Senate voted in favor of legislation to legalize internet-based gambling, clearing the way for foreign and Dutch firms to apply for licenses.

On Monday, the Financieele Dagblad said some 300 companies have expressed interest in running a gambling website in the Netherlands and about 50 are expected to make a formal application for a license when they are up for grabs next year. Tuesday’s vote comes two years after the lower house voted in favor of allowing third parties to legally offer online gambling.

Holland Casino is the Netherlands’ only state-regulated gambling establishment but foreign firms widely flout the ban and continue to target Dutch punters.

The two Christian parties in the ruling coalition voted against the legislation. They claim allowing more companies to offer online betting will lead to more problems with addiction.

Source: DutchNews.nl


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Breaking News: Dutch Senate votes to legalize online gambling

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BetConstruct attained a partnership with SA Gaming

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BetConstruct announces a new strategic partnership with an online entertainment platform provider in Asia – SA Gaming.

As a result of the agreement, SA Gaming’s various slots and live casino solutions will be integrated into BetConstruct’s platform. Around 30 slots such as The Guard, World Cup Fever, Red Dragon, Saint of Mahjong, Indiana’s Quest, Dragon Tiger, and others currently fulfill their gaming catalog.

“This is an important partnership for us, as a result of which our gaming portfolio will be enhanced with more Asian themed slots and live casino games, ” says BetConstruct regional director Lusine Khudaverdyan.

 

Apart from the slots, SA Gaming has a wide portfolio of live casino games famous in Asia. Following the partnership, we already support such games as Baccarat, Roulette, Sic Bo, Fan Tan and Speed Baccarat from our new Asian 3rd party provider. Together with SA Gaming we believe to provide premium gaming solutions for all our partner operators.

 

About BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales, and service centers around the globe.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back-office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetConstruct attained a partnership with SA Gaming

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Bangladesh bans online gambling websites

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Bangladesh Telecommunication Regulatory Commission (BTRC) has asked all the internet gateway providers and Telecom department to run an internet safety solution programme to block online gambling websites. BTRC is believed to have received an instruction to effect the same from the country’s government.

The telecom regulator has sent the order to block the websites so that these websites will not be accessible in Bangladesh again.

“It might take few more hours to block all the sites completely as blocking any site is so technical,” said Md Emdadul Hoque, general secretary of Internet Service Provider Association of Bangladesh (ISPAB).

A top official of the BTRC said they have often found complaints from different sides about online gambling and that needs to block for the sake of safe internet.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bangladesh bans online gambling websites

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