Gaming Innovation Group: contemplating a tap issue

8 September, 2017

Gaming Innovation Group is contemplating a tap issue of the senior secured bond “Gaming Innovation Ltd 17/20 7,00% SEK C” (ISIN NO0010787120 and maturity 6 March 2020) with a target amount of SEK 200 million. The current outstanding amount is SEK 400 million and the borrowing limit is SEK 1,250 million.

Net proceeds would mainly be used to finance potential affiliate acquisitions

In conjunction with the contemplated tap issue, Gaming Innovation Group will present a pro-forma EBITDA (as defined in the bond terms) of EUR 17.2 million and net interest-bearing debt of EUR 32.7 million (as of 24 August 2017).

If concluded, the net proceeds from the contemplated tap issue will be used for general corporate purposes, and mainly to finance a strong pipeline of potential acquisitions within affiliate marketing assets, as previously communicated. ABG Sundal Collier has been retained as manager in connection with the placement of the contemplated tap issue.

For further information, contact: Robin Reed, CEO, +356 9999 0382 ([email protected])

About GIG: Gaming Innovation Group Inc. is an emerging gambling solutions and interactive entertainment provider. The Company offers cutting-edge cloud-based services and B2B performance marketing, and owns B2C gambling operators offering games from the best-of-breed suppliers across the online sports betting and casino industry. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol “GIG”.

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