Embracer Group to Reduce Debt

Embracer Group to Reduce Debt

Business

19 December 2023 13:56

Embracer Group has announced the extension of its credit and loan debts until 2025. According to reports, the primary credit facilitator has agreed to prolong the existing arrangement until February 2025, and the primary loan provider has extended their agreement until May 2025. Embracer Group will pay $166.2m in total. In accordance with the revised terms, Embracer Group is now obligated to make quarterly minimum payments, commencing from Q1 FY24/25 and continuing until January 2025. The company is going through a tough time the COO recently stepped down and recently underwent a restructuring programme.

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Embracer Group to Reduce Debt

Business

19 December 2023 13:56

Tags: Embracer Group

Embracer Group has announced the extension of its credit and loan debts until 2025. According to reports, the primary credit facilitator has agreed to prolong the existing arrangement until February 2025, and the primary loan provider has extended their agreement until May 2025. Embracer Group will pay $166.2m in total. In accordance with the revised terms, Embracer Group is now obligated to make quarterly minimum payments, commencing from Q1 FY24/25 and continuing until January 2025. The company is going through a tough time the COO recently stepped down and recently underwent a restructuring programme.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Embracer Group Pays Back $300m

Embracer Group announced that they paid $300m of debt. The group informed lenders about the repayment, marking progress towards...

Uncategorized

Jun 21, 2024

Embracer Group to Divide into 3 Companies

Swedish gaming giant Embracer Group, revealed on Monday its intention to divide into three separate entities: Asmodee Group, Coffee...

Business

Apr 23, 2024

Take-Two Acquires Gearbox

Take-Two Interactive has announced its acquisition of Gearbox, from Embracer Group for a sum of $460m. The acquisition...

Business

Mar 28, 2024

Saber Interactive Sold for $247m

Embracer Group AB has agreed to sell certain assets from Saber Interactive for a total purchase price of $247m....

Business

Mar 15, 2024

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505 Games, as part of its ongoing restructuring efforts, has revealed intentions to close down its offices located in...

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