Gaming company Stillfront is considering the issuance of new senior unsecured bonds for up to SEK 2 billion, with an expected volume of SEK 1 billion and a four-year maturity. The proceeds are intended to refinance existing bonds of SEK 1 billion maturing in 2027, as well as for general corporate purposes.
Concurrently, the company is launching a conditional tender offer for its 2023/2027 bonds at a price of 101.3825 percent. These actions are contingent upon a successful issuance.
Stillfront Group AB (publ) is a Sweden-based independent creator, publisher and distributor of digital games. The Company operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The Company's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.
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