Online igaming company Catena Media, which has portals including AskGamblers and RightCasino, has completed a tap issue of €50m to its outstanding bond loan.
A tap issue is a number of bonds which are held back from release by the company until it needs the funds at a later date. The money, when called in, would be used for financing acquisitions and corporate purposes, says the company.
Following the tap issue, the total of Catena Media’s bond loan stands at €100m. The bond loan is listed on the Nasdaq Stockhold and the group plans to apply for listing of the new bonds. The settlement of the tap issue is fixed for June 14.
