Embracer Group AB has announced the extension of its two main credit and loan facilities, totaling approximately SEK 17 billion, with maturity dates now extended until February and May 2025. The amendment agreements include scheduled quarterly minimum prepayments, totaling SEK 2.6 billion accumulated until January 2025, starting in Q1 FY 24/25. The currently expected interest rate on the group’s total debt, based on a floating rate, is around 6.15%.
Lars Wingefors, co-founder and Group CEO of Embracer highlighted the move to strengthen the company’s financial flexibility. The extension, reflecting confidence from main banks and financial institutions, aligns with Embracer’s agenda to reduce gross and net debt levels as part of an ongoing restructuring program. The goal is to position the company favorably during the transition from heavy-investment mode to a highly cash-flow generative business.
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