Treasury
Embracer Group Signs SEK2 Billion Revolving Credit Facility Deal
Embracer Group (EMBRAC-B.ST) secured a 2 billion-krona revolving credit facility aimed at consolidating its existing commitments and replacing several bilateral loans with different credit institutions.The new facility has a tenor of two years plus a two-year extension option, with enhanced terms, including a lower credit margin for utilized debt, according to a Tuesday release. Proceeds will be used for general corporate purposes, and the facility will be replaced after the planned spinoff of Embracer's Fellowship Entertainment unit in 2027.SEB served as the coordinating mandated lead arranger and bookrunner for the transaction, along with DNB Bank's Sweden branch, Nordea Bank, and Swedbank.
$EMBRAC-B.ST
