Brief: Embracer Secures New EUR 600 Mln Revolving Credit Facility

Embracer AB

11/07/2024 12:03

July 11 (Reuters) - Embracer Group AB  EMBRACb.ST :
    * EMBRACER GROUP SECURES NEW EUR 600 MILLION REVOLVING
CREDIT
FACILITY
    * NEW FACILITY REPLACES EMBRACER'S REMAINING SEK 4.8 BILLION
(ABOUT EUR 420 MILLION) REVOLVING CREDIT FACILITY, WHICH MATURES
IN MAY 2025
    * SEVEN BANKS FROM EUROPE AND NORTH AMERICA HAVE
PARTICIPATED IN
TRANSACTION
    * SAYS TERMS AND CONDITIONS FOR NEW FACILITY HAVE BEEN
IMPROVED,
INCLUDING A NOTABLY LOWER CREDIT MARGIN FOR UTILIZED DEBT
    * WILL REDUCE INTEREST EXPENSES THROUGH BOTH IMPROVED TERMS
AND A
REDUCED FINANCIAL LEVERAGE
    * REVOLVING CREDIT FACILITY WITH A TWO-YEAR TENOR, WITH AN
OPTION
TO EXTEND FOR AN ADDITIONAL YEAR

Source text for Eikon:  ID:nMFNbcDhJf 
Further company coverage:  EMBRACb.ST 

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