PRESS RELEASE
Catena Media repurchases EUR 8.3m of own bonds
June 14th, 2023 18:35 CEST
Catena Media plc has repurchased bonds totalling a nominal amount of EUR 8.3 million under its outstanding EUR 55 million bond loan 2021/2024 with ISIN SE0015807888. The bonds were repurchased at an average price of 101.9% of the nominal amount.
Following the repurchase, Catena Media now holds bonds totalling EUR 8.3 million, representing 15.1% of the total outstanding amount.
The bonds, issued in June 2021 with a three-year maturity and an interest rate of EURIBOR (3m) plus 6%, are listed on Nasdaq Stockholm’s corporate bond list. The repurchases were made in order to strengthen Catena Media's long-term financial structure in line with the new strategic direction announced in May 2023.
Catena Media Interim CFO Erik Edeen said: “This bond repurchase is an important step in reshaping our capital structure. At a time of high interest-rate volatility, we believe reducing debt will lower financial risk and enhance our financial planning. By reducing future interest payments, the buyback will give us greater financial versatility in future periods.”
Contact details for further information:
Investor Relations
Email: [email protected]
Erik Edeen, Interim Group CFO
Email: [email protected]
This information is information that Catena Media plc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the contact persons above on 14 June 2023 at 18:35 CEST.
About Catena Media
Catena Media is a global leader in generating high-value leads for operators of online casino and sports betting platforms. The group’s large portfolio of web-based affiliation brands guides users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 350 people across the globe. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.
-
Catena Media repurchases EUR 8.3m of own bonds
SUBSCRIBE
Cision Subscription
"*" indicates required fields