Gentoo Media secures EUR 50 million loan, calls meeting for share issue

  • Gentoo Media secured a EUR 50 million shareholder-backed loan and plans a fully underwritten EUR 50 million directed share issue.
  • The proceeds target full repayment of approximately EUR 91.5 million of bonds due Dec. 18, 2026, and approximately EUR 8.5 million of revolving-credit repayment.
  • A Nov. 2 Extraordinary General Meeting will consider new Class Z shares, expanded authorized capital, a larger board and Łukasz Wójciak’s election.

Gentoo Media Inc. has secured a EUR 50 million senior secured term loan from major shareholder Fundacja Zbigniewa Juroszka Fundacja Rodzinna and plans a fully underwritten directed share issue targeting a further EUR 50 million. The proceeds are intended to repay approximately EUR 91.5 million of senior secured bonds due Dec. 18, 2026, and reduce the EUR 16 million revolving credit facility by approximately EUR 8.5 million. The proposed fourth-quarter 2026 issue requires shareholder and other regulatory approvals. Gentoo has called an Extraordinary General Meeting for Nov. 2, 2026, in Stockholm to consider increasing authorized Common Stock from 200 million to 250 million shares, creating 100 million Class Z Common Stock shares, increasing the board from four to five members and electing Łukasz Wójciak as a director. The new loan matures Dec. 18, 2029, bears interest at three-month EURIBOR plus 7.50% annually with a 2.00% floor, and includes mandatory amortization. Gentoo said the refinancing would improve control over group cash flows and may eventually provide flexibility for dividends or share buybacks, subject to financing terms, applicable law and future decisions.

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