Enad Global 7’s Board of Directors has today authorized the repayment of all outstanding loan balances on its Revolving Credit Facility

08 February 2023 - 15:30

On November 29, 2022, EG7 communicated the initial repayment of SEK 300 million on its multi-currency Revolving Credit Facility (RCF). EG7 has today repaid the remaining utilized SEK 100 million, the credit frame remains at SEK 400 million.

EG7’s continued robust cash flow generation and strong balance sheet will allow the company to continue to operate without reliance on its RCF. On an annual basis EG7 will save approximately SEK 25 million in interest, net of commitment fee the savings on an annual basis is approximately SEK 20 million.

“I am both proud and happy that we have this strong operational cash flow, which enables us to optimize our cash usage, saving interest and keep the flexibility for future references.” - Fredrik Rüdén, Deputy CEO and CFO

Provided by: MFN
Nasdaq First North GM Stockholm (Sweden)
Enad Global 7 AB
Enad Global 7 operates within the gaming industry developing, marketing, publishing and distributing PC, console and mobile games to the gaming market....
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