Stillfront issues SEK 1,500m in 4-year senior unsecured bonds

11 May 2021 - 14:40

Stillfront Group AB (publ) (“Stillfront” or the “Company”) has successfully placed SEK 1,500m of senior unsecured bonds under a new bond framework of up to SEK 2,000m with final maturity in 2025 (the “Bonds”). The proceeds from the issue of Bonds will be used for general corporate purposes (including but not limited to refinancing, investments and acquisitions) in order to strengthen the Company´s flexibility for further growth.

The interest rate for the Bonds was set at STIBOR 3m + 275bps.

“We are very pleased to have secured new debt financing at favorable terms. The new bond framework provides us with a flexible financial platform and enables us to continue to deliver on our long-term financial growth targets”, says Andreas Uddman, CFO.

In conjunction with the issue of the Bonds, DNB Markets, Nordea and Swedbank acted as joint bookrunners. Mannheimer Swartling acted as legal adviser.

Provided by: MFN
Stillfront Group AB
Stillfront Group AB is a Swedish game development company focusing on the free-to-play segment. The company has a diversified portfolio of games and focuses on games with long lifecycles and loyal users. Stillfront group consists of game studios in different countries and the company's main markets are US, Europe and the MENA region. The studios owned by group include Goodgame Studios, Storm8, and...
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