Catena Media is to conduct meetings with bond investors to investigate the possibility of issuing additional bonds up to €50m under the group’s outstanding maximum €100m bond loan.
The group is currently evaluating a number of interesting acquisition opportunities and the proceeds from a potential bond issue will enable it to make several small and medium-size acquisitions and thus continue its expansive strategy.
Furthermore, the issue proceeds will be used for general corporate purposes, including future payment of so called earn-outs. Catena Media has appointed Carnegie Investment Bank and Swedbank to arrange meetings with bond investors.
