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Stillfront Group — Capital/Financing Update 2024
Nov 25, 2024
2969_rns_2024-11-25_f486a984-5f62-4b08-99ef-aabd797cdb93.pdf
Capital/Financing Update
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()) Stillfront
Press Release 25 November 2024 16:45:00 CET
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Stillfront successfully issues bonds of SEK 850 million
Stillfront Group AB (publ) ("Stillfront") has successfully issued senior unsecured bonds (the "Bonds") in an initial amount of SEK 850,000,000 and under a total framework of SEK 2,000,000. The Bonds carry a floating interest rate of 3m Stibor + 365 basis points and will mature on 3 September 2029. Stillfront intends to apply for admission to trading of the Bonds on the corporate bond list of Nasdaq Stockholm.
The proceeds from the issue of Bonds will be used for general corporate purposes (including but not limited to partial refinancing of drawn amounts under Stillfront's existing multicurrency revolving credit facility, refinancing, investments, acquisitions and earn-out payments).
"We are pleased to have secured new debt financing with attractive terms, while successfully extending the maturity profile of our debt portfolio. With this new bond framework in place, Stillfront maintains a flexible financing platform and a strong balance sheet", says Andreas Uddman, CFO.
DNB Markets, a part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp and Swedbank AB (publ) have acted as joint bookrunners and arrangers in conjunction with the issuance of the Bonds. Mannheimer Swartling has acted as legal advisor.
For additional information, please contact:
Andreas Uddman, CFO, Stillfront Group Phone: +46 70 080 78 46 E-mail: [email protected]
Stillfront is a global games companā. We deþelop digital games that are plaāed bā almost 45 million people each month. Our diþersified portfolio spans ÿell-established franchises like Big Farm, Jaÿaker and Supremacā, to smaller, niche games across our different genres. We belieþe gaming can be a force for good and ÿe ÿant to create a gaming uniþerse that is digital, affordable, equal, and sustainable. Our HQ is in Stockholm, Sÿeden, but our game deþelopment is done bā teams and studios all oþer the ÿorld. Our main markets are the US, Japan, MENA, Germanā, and the UK. Stillfront's shares (SF) are listed on Nasdaq Stockholm. For further information, please þisit: stillfront.com