Catena Media explores the possibility to make a tap issue in an amount €50,000,000 under Catena Media’s outstanding maximum €100,000,000 senior secured callable floating rate bonds due 2019. The proceeds from a potential tap issue are intended to be used for acquisitions in the near future.
”The consolidation in the affiliate market is increasing and Catena Media wants to take a leading role in that development. We are currently looking into a number of possible acquisitions that would complement and strengthen our portfolio. A potential tap issue would further strengthen our growth journey", said Robert Andersson, CEO at Catena Media.
Carnegie and Swedbank have been engaged as joint book runners and Gernandt & Danielsson has been engaged as legal advisor in the transaction.
Press release by Catena Media.