Together Gaming has announced its intention to offer €12.5 million in new bonds during the first quarter of 2025, subject to obtaining prior regulatory approval.
It is expected that the new bonds will be guaranteed by the company’s ultimate parent company, Cherry With Friends AB.
Together Gaming is a cloud-based platform solution licensed in multiple jurisdictions and powers more than 50 brands, including Bethard. The gaming company was a subsidiary of Gameday Group. However, this was acquired by the Swedish iGaming firm Cherry With Friends AB in January 2024.
As part of the proposed bond issue, the company intends to offer the holders of its outstanding €14.76 million 5.9 per cent unsecured bonds callable between 2024 and 2026 the option to subscribe for the new bonds. This would be done in exchange for the return and cancellation of the existing bonds.
The company plans to use cash proceeds from the proposed bond issue to redeem an equivalent amount of outstanding bonds on 22nd July 2025 — the next scheduled early redemption date as outlined in the existing bonds' prospectus dated 21st June 2019.
In the case of the proposed bond issue being fully subscribed, the company intends to use additional cash reserves to redeem all other existing bonds that remain outstanding on the same date.
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Anthea Cachia
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