Embracer Group took out a new loan. Its amount is 600 million euros
Throughout the past year, Swedish holding company Embracer Group has been actively cutting costs by reducing staff and closing projects. Now, it has decided to secure a new loan. The company announced that it has arranged a revolving credit facility of €600 million for a two-year term.
Alone in the Dark
As explained by Embracer Group, this facility will replace the previous loan of €420 million. The company found the offered terms more favorable.
CEO of Embracer Group, Lars Wingefors, added that the company has previously strengthened its financial structure significantly and reduced its debt load. The decision to take a new loan under different conditions is another step towards creating a more streamlined and focused business.
