12 June 2019
Gernandt & Danielsson advises in Toadman Interactive’s issue of corporate bonds
Gernandt & Danielsson advises Toadman Interactive AB (publ) in its issue of corporate bonds in the initial amount of SEK 120 million within a framework of SEK 500 million. The proceeds from the bond issue will be used to finance the cash consideration for the acquisition of Petrol Advertising, Inc. and for general corporate purposes. Toadman Interactive intends to list the bonds on Nasdaq First North Stockholm.
Toadman Interactive is a Swedish gaming development studio based in Stockholm, whose business concept is to develop games for a growing consumer market for players on a global basis. The focus is primarily on games in the areas of action-based Role Playing Games but can also be games in related areas. Since its foundation in 2013, Toadman Interactive's employees have been involved in the development of well-known PC and console titles, as well as mobile, including Dead Island, Killing Floor, and Warhammer: Vermintide. Toadman Interactive's shares are traded on Nasdaq First North Stockholm.
Gernandt & Danielsson has advised Toadman Interactive and its financial advisor, Carnegie Investment Bank AB (publ), with a team consisting of Partner Mikael Borg, Counsel Adrian Della Morte Pålstam and Associate Simon Wetterholm.