Stillfront : contemplates issuance of SEK bonds under a new bond framework
May 06, 2021 at 02:01 am EDT
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Stillfront Group AB (publ) (“Stillfront” or the “Company”) has mandated DNB Markets, Nordea and Swedbank to explore the conditions for the Company to issue SEK senior unsecured floating rate bonds under a new framework of up to SEK 2,000,000,000, for general corporate purposes (including but not limited to refinancing, investments and acquisitions) in order to strengthen the Company´s flexibility for further growth.
As part of the financing, the Company has decided to arrange a series of meetings with selected Nordic bond investors commencing on 10 May. Subject to prevailing market conditions, a benchmark bond issue with a tenor of four years will follow.
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.
STILLFRONT GROUP AB 
