Betsson Considers Issuance of New Senior Unsecured Bonds and Announces Tender Offer for its Outstanding 2019/2022 Bonds

Press release Betsson AB (publication)

BETON CONSIDER ISSUE OF NEW SENIOR UNSECURED BONDS AND ANNOUNCES PUBLIC OFFER FOR ITS OUTSTANDING 2019/2022 BONDS

2022-06-08

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Betsson AB (post) (“Betsson“or the”Company“) has mandated Nordea as sole bookrunner to organize credit investor meetings from June 9, 2022 study the possibility of issuing new senior unsecured notes denominated in EUR (the “New bondsA capital markets operation will follow, subject to market conditions.

As part of the issue of the New Bonds, Betsson offers to holders of the Company’s outstanding floating rate senior unsecured debentures maturing on September 26, 2022 with ISIN SE0013110814 and outstanding SEK 1,000,000,000 (there “Obligations“) to tender Bonds for redemption by the Company for cash within the limit of the total nominal amount of the New Bonds issued (the “Take-over bid“) at a price of 100.50% of the nominal amount. The Bonds will be bought back under the terms and conditions of the tender documents of the June 8, 2022 (there “Information document on the call for tenders“) and the redemption of the Bonds is conditional on the success of the issue of New Bonds.

Bondholders who validly tender their Bonds will be eligible to receive priority in the allocation of the New Bonds subject to the conditions set out in the Tender Information Document. Bondholders who subscribe to New Bonds will thus be able to benefit from priority in the Tender Offer.

The Tender Information Document is available on the Company’s website via the following link: www.betssonab.com.

The Tender Offer expires upon the close of the bookbuilding process for the New Notes, unless extended, reopened, withdrawn or terminated at the sole discretion of the Company (the “Expiration date“). The Expiration Date will be announced as soon as practicable after the opening of the bookbuilding process for the New Notes. Settlement of the Tender Offer is expected to occur approximately five business days after the Expiration Date and whenever possible on the same day as the settlement of the New Bonds.

The terms and conditions of the Bonds will continue to apply to bondholders who do not participate in the Tender Offer, or whose Bonds are not accepted for redemption by the Company. However, subject to the completion of an issue of New Bonds for a minimum amount of SEK 1,000,000,000of June 26, 2022 Betsson intends to exercise its right to voluntarily redeem in full the Bonds not tendered to the Tender Offer, in accordance with the terms and conditions relating to the Bonds. The Bonds will, upon voluntary full redemption, be redeemed at a price equal to 100.00% of the nominal amount (plus accrued but unpaid interest).

The Company has appointed Nordea to act as sole bookrunner for the issue of the New Bonds and as dealer manager for the Tender Offer. Gernandt & Danielsson has been appointed as legal counsel.

Dealer Manager:

Nordea Bank Abp:
+45 6136 0379, [email protected]

For more information, please contact:

Martin Ohman, Chief Financial Officer Betsson AB
[email protected]

This information is information that Betsson AB (publ) is required to make public in accordance with the Securities Market Act (Sw. lagen (2007:528) om värdepappersmarknaden). The information has been submitted for publication, through the contact person listed above, The 8th June 2022, 08.30 IT IS.

About Betsson AB
Betsson AB (publ) is a holding company that invests in and manages fast-growing online gaming businesses. The company is one of the most important in the field of online games in Europe and has the ambition to outpace the market, organically and through acquisitions. This should be done in a cost-effective and sustainable way, and with local adaptations. Betsson AB is listed on Nasdaq Stockholm (BETS B).

https://news.cision.com/betsson-ab/r/betsson-considers-issue-of-new-senior-unsecured-bonds-and-announces-tender-offer-for-its-outstand,c3581503

https://mb.cision.com/Main/1067/3581503/1589906.pdf

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