Aspire Global plc (”Aspire Global” or the ”Company”) yesterday announced that it has successfully completed a three year floating rate bond issue. The bond loan carries a floating rate coupon of Euribor 3m + 700 bps with a Euribor floor of zero and have a total framework amount of EUR 80 million.
The bond issue enhances Aspire Global’s growth potential by allowing the Company to further consider a number of identified investment and acquisition opportunities – structured in different ways in accordance with the Company’s M&A model.
Aspire Global offers a full-service iGaming solution for operators and white labels. The robust, market-leading platform includes a complete suite of services for casino and sportsbook, such as multilingual CRM, payments and risk control, support call center, VIP management and acquisition optimization. Aspire Global holds licenses in regulated markets including the UK, Denmark, Belgium, Italy and Malta. In 2017 the Company generated adjusted net revenue of EUR 70.8m and adjusted EBITDA of EUR 14.3m. The Company is listed on Nasdaq First North Premier.
Carnegie acted as Joint Bookrunner in connection with the bond issue.