Embracer Group has announced the acquisition of a new €600 million revolving credit facility

Embracer has secured a fresh €600 million ($652 million) revolving credit arrangement, set to last two years.

This new credit line supersedes its prior €420 million ($456 million) facility, which had been scheduled to mature in May 2025.

Embracer noted the new agreement includes better terms, featuring a "notably lower credit margin" for utilized debt. The company anticipates these terms will "cut interest expenses through both improved terms and decreased financial leverage."

"Given the substantial actions undertaken this year, we've bolstered our financial framework and responsibly lowered our financial leverage," Lars Wingefors, Embracer's co-founder and CEO, stated.

"This step is part of our transition to becoming a leaner and more focused company."

Seven financial institutions participated in this transaction: BNP Paribas, Citibank, N.A., London Branch, DNB Bank ASA, Sweden Branch, J.P. Morgan SE, Nordea Bank Abp, filial i Sverige, SEB, and Swedbank AB (publ).

Embracer Group recently repaid SEK 3.2 billion ($300 million) on its revolving credit facility at the end of the previous month. This repayment was made possible by the net proceeds received from the sale of Gearbox Entertainment to Take-Two Interactive.