Azerion Secures EUR 50 Million Through Subsequent Bond Issue
Azerion Group N.V. has embarked on a significant forward-step in its financial strategy, successfully issuing subsequent bonds worth EUR 50 million. This move is part of the company's existing senior secured floating rate bond framework, which has a total capacity of EUR 300 million. With this latest issue, the total outstanding amount of bonds subsequently will increase to EUR 265 million.
Details of the Subsequent Bond Issue
Following a meticulous bookbuilding process, the bonds were issued at par, with the proceeds earmarked for essential corporate purposes. This includes funding capital expenditures, acquisitions, and transaction costs, demonstrating the company’s commitment to leveraging its resources for growth.
Management Insights on Bond Issuance
Julie Duong Ferat, CFO of Azerion, expressed her enthusiasm regarding the outcome: "We are pleased to have received strong support from new and existing bond investors in our subsequent bond issue. This is an exciting time for Azerion as we look to benefit from the current market dynamics and tailwinds to further drive our organic and inorganic growth.” This reflects the confidence the market has in Azerion's potential, bolstered by their strategic positioning in the digital media landscape.
Future Plans for the Bonds
The subsequent bonds are expected to settle around mid-December, and the company aims to list them on the relevant regulated market within 60 days, ideally completing the listing within the first 30 days post-issuance. Additionally, plans are in motion to have the bonds listed on the Frankfurt Stock Exchange Open Market, underscoring Azerion's strategy to enhance its market presence.
Role of Financial Advisors
The issuance process was facilitated by Pareto Securities AB as the Global Coordinator and Joint Bookrunner, with Arctic Securities AB also serving as a Joint Bookrunner. Their expertise was pivotal in ensuring the smooth execution of this bond issue, alongside legal advisory from Roschier Advokatbyrå AB.
About Azerion
Azerion, founded in 2014 and listed on EURONEXT under the ticker AZRN, has evolved into one of Europe’s key digital advertising and entertainment media platforms. The company is renowned for connecting advertisers with extensive global audiences via proprietary technology that fosters a safe, engaging digital environment.
Azerion's Global Footprint
Headquartered in Amsterdam, Azerion operates commercial teams in over 21 cities worldwide. This global reach enables the company to support clients and partners effectively, driving creative advertising solutions that make a real impact in the digital landscape.
Investor and Media Contact Information
Contact:
Investor Relations
ir@azerion.com
Media:
press@azerion.com
Frequently Asked Questions
What is the amount issued in the subsequent bond issue?
The subsequent bond issue totals EUR 50 million.
What is the expected settlement date for the subsequent bonds?
Settlement is anticipated around mid-December.
Who acted as the financial advisors for this bond issuance?
Pareto Securities AB and Arctic Securities AB served as financial advisors, with Roschier Advokatbyrå AB acting as a legal advisor.
What are the proceeds from the bond issue intended for?
Proceeds will be used for general corporate purposes, including capital expenditures, acquisitions, and transaction costs.
Under which ticker is Azerion listed?
Azerion is listed on EURONEXT under the ticker AZRN.
