LeoVegas Press Releases
LeoVegas contemplates to issue a senior unsecured bond and communicates a leverage target

LeoVegas AB has mandated SEB and Swedbank as joint bookrunners to arrange investor meetings commencing on 30 November 2020 to explore the conditions to issue a senior unsecured bond with an expected volume of SEK 500m, within a framework of SEK 1,200m with a tenor of three years. Subject to market conditions, a capital markets transaction may follow. The proceeds from the potential bond issue will be used to facilitate LeoVegas’ expansion strategy, refinance existing debt and for potential acquisitions. In conjunction with the transaction, LeoVegas also enters into a new three-year revolving credit facility agreement of EUR 40m.
Financial targets – leverage target introduced
In conjunction with the transaction, LeoVegas publishes that the leverage ratio (net debt to adjusted EBITDA) shall not, over the long term, exceed 1.0x. However, LeoVegas may, under certain circumstances, choose to exceed this level during short time periods in connection with, for instance, larger acquisitions or other strategic initiatives.
LeoVegas’ existing long-term financial targets are unchanged which include:
- Long-term organic growth that outperforms the online gaming market
- Long-term EBITDA margin of at least 15 percent, under the assumption that 100% of the revenue is generated in locally regulated markets where gaming tax is paid
- To pay dividend, over time, of at least 50 percent of the profit after tax
“With this, we ensure a long-term and stable financing for LeoVegas. We strengthen the company’s financial flexibility and diversify our financing with the combination of a bond and new bank loans. This enables us to continue to deliver on our expansion strategy where we focus on regulated markets and markets soon to become regulated. Further, we continuously evaluate strategic and complementary acquisitions that may fit into the LeoVegas Groupâ€, Gustaf Hagman, Group CEO
-
Latest News7 days ago
63 suspicious betting alerts reported by IBIA in Q1 2025
-
Conferences in Europe7 days ago
Inaugural iGaming Event for Technology Leaders: Technology in Gaming Conference 2025
-
Press Releases7 days ago
Boomerang’s insights: The evolution of sports betting traffic
-
Latest News7 days ago
Team Vitality launches RushBee: Creative media agency dedicated to helping brands shape the future of entertainment
-
Latest News7 days ago
Olympian Legends: Galaxsys’ New Slot Game Inspired by Ancient Myths
-
Latest News5 days ago
Mindway AI partners with BetComply to scale safer gambling support
-
Latest News7 days ago
Kambi Group plc repurchase of shares during 23 April – 29 April 2025
-
eSports5 days ago
DaNiAL, Tejas to Represent India at Prestigious WAVES Esports Championship Starting May 1