22 April 2020

Gernandt & Danielsson advises Catena Media in connection with SEK 684 million rights issue

Gernandt & Danielsson advises Catena Media plc (“Catena Media”) in connection with the company’s SEK 684 million guaranteed rights issue of units consisting of hybrid capital securities and warrants. The board of directors of Catena Media has proposed that an extraordinary general meeting is to be held on 10 June 2020 to decide on the guaranteed rights issue. The ambition with the rights issue is to decrease the senior debt position of the company and materially lower its financial risk profile, resulting in a more balanced financing structure. In addition, Gernandt & Danielsson advises the company in a written procedure to amend the terms of the company’s senior unsecured bond loan.

Catena Media has a leading position within online lead generation. The company has about 400 employees in US, Australia, Japan, Serbia, UK, Sweden, Italy and Malta (HQ). The company is listed on Nasdaq Stockholm.

Gernandt & Danielsson advises Catena Media with a team consisting of Partners Mikael Borg and Sofie Viktorsson, Senior Associate Jonas Hämälä and Associates Sara Gannby and Andreas Lexhag.