Embracer Group AB

06/20/2024 | Press release | Distributed by Public on 06/20/2024 07:49

Embracer Group repays SEK 3.2 billion (USD 300 million) on its revolving credit facility.

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Published: 2024-06-20 15:45:00 CEST

Embracer Group AB
Investor News

Embracer Group repays SEK 3.2 billion (USD 300 million) on its revolving credit facility.

Embracer Group AB ("Embracer") has today notified its lenders that in accordance with plan repay SEK 3.2 billion (USD 300 million) of its revolving credit facility with maturity date in May 2025.

The repayment is made by the net proceeds already received from the recent sale of Take-Two Interactive Software, Inc. common stock, received as purchase price for the sale of Gearbox Entertainment.

For more information, please contact:
Oscar Erixon, Head of Investor Relations
Phone: + 46 730 24 91 42
Email: [email protected]

Arman Teimouri, Head of External Relations
Phone: +46 793 33 05 60
Email: [email protected]

About Embracer Group
Embracer Group is a global Group of creative and entrepreneurial businesses in PC, console, mobile and other related media. The Group has an extensive catalog of over 900 owned or controlled franchises. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos. The Group has 106 internal game development studios and is engaging more than 11,000 employees in more than 40 countries.

Embracer Group's shares are publicly listed on Nasdaq Stockholm under the ticker EMBRAC B.

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Attachments:
Embracer Group repays SEK 3.2 billion USD 300 million on its revolving credit facility..pdf

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