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Maximum Games secures $30 million USD senior credit facility

MAR

Walnut Creek, CA and Umeå, Sweden (February 5, 2023) – Zordix AB (publ) (Nasdaq: ZORDIX B) today announces that the company’s U.S. based subsidiary Maximum Games through MG1 Acquisition Corporation has secured a $30 million USD senior credit facility. The U.S. based facility has a maturity of 36 months, is non-amortizing and carries customary covenants and collateral requirements. An initial drawdown of $20 million USD will be made, with the balance available for drawdowns subject to covenants.

The facility will be used to refinance existing debt, investment in owned IP games, and to pursue accretive acquisitions. The facility is being provided by the investment firm Turning Rock Partners.

“With this flexible non-dilutive financing secured, we are now well equipped to accelerate our roadmap of owned IP and third party titles and continue investing in high quality franchises to bolster our business.”, comments Christina Seelye, CEO of Zordix.

This information is information that Zordix is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-02-05 22:51 CET.

For more information, please contact:

Christina Seelye, CEO
E-post: christina.seelye@zordix.com | Tel: +46 90 690 70 66

Peter Daboczi, CFO and Deputy CEO
E-post: peter.daboczi@zordix.com | Tel: +46 70 990 70 76

For more information regarding the company and investments, please contact ir@zordix.com.

Certified Adviser
Augment Partners AB, info@augment.se, tel +46 (0) 8 604 22 55, is Zordix AB (publ)'s Certified Adviser.

About Zordix

Zordix is a multinational development and publishing group dedicated to bringing the highest level of innovation, technology, and creative ambition to the global games market through its growing family of brands. The group currently consists of five studios and four publishers and leverages each entity’s unique capabilities and brand identity to deliver influential and entertaining content to gamers worldwide. Dimfrost Studio, Invictus, Mane6, Zordix Racing, and Modus Studios make up the Zordix development branch, while Maximum Games, Merge Games, Modus Games, and Just For Games publish both owned original IP and third-party content across consoles and PC. Headquartered in Umeå, Sweden, Zordix employs over 200 people across offices in the US, Latin America, Sweden, France, UK, and Hungary. Through strategic acquisitions, leveraging its massive global infrastructure, and perpetually seeking artistic and inspired games to bring to market, Zordix continues to scale with the expanding industry. 

For more information, visit www.zordix.com.

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Maximum Games secures $30 million USD senior credit facility

Datum 2023-02-05, kl 22:51
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Maximum Games secures $30 million USD senior credit facility
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