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Stillfront Group exercises its right to make a voluntary early redemption of the 2022 bonds and announces a new unsecured EUR 60 million term loan facility agreement with Swedish Export Credit Corporation (SEK)

MAR

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

Stillfront Group AB (publ) (“Stillfront”) has today formally exercised its right to make a voluntary early redemption of all of its outstanding senior floating rate bonds maturing on 22 November 2022 with ISIN SE0011897925 and outstanding amount of SEK 600 million (the “Bonds”). In accordance with an irrevocable notice of redemption (the “Redemption Notice”), the Bonds will be redeemed in accordance with their terms and conditions at a price equal to 100.50 percent of the outstanding nominal amount plus accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the early redemption date which occurs on 5 October 2022.

Stillfront will redeem the Bonds with proceeds from a new unsecured term loan facility agreement of EUR 60 million with Swedish Export Credit Corporation (SEK) as lender. The new term loan facility agreement has a four (4) year term and strengthens Stillfront’s financial position and further diversifies the company’s financing platform.

For further details, see the Redemption Notice, which is available at Stillfront’s website: https://www.stillfront.com

For additional information, please contact:

Andreas Uddman, CFO, Stillfront Group 
Phone: +46 70 080 78 46 
E-mail: andreas@stillfront.com

About Stillfront

Stillfront is a leading free-to-play powerhouse of gaming studios. Our diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. Organic growth and carefully selected and executed acquisitions embody our growth strategy and our 1,500+ co-workers thrive in an organization that engenders the spirit of entrepreneurship. Our main markets are the US, Japan, MENA, Germany and UK. We are headquartered in Stockholm, Sweden, and the company is listed on Nasdaq Stockholm. For further information, please visit: stillfront.com

This information is information that Stillfront Group AB (publ) 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 2022-09-09 15:57 CEST.

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Stillfront Group exercises its right to make a voluntary early redemption of the 2022 bonds and announces a new unsecured EUR 60 million term loan facility agreement with Swedish Export Credit Corporation (SEK)

Datum 2022-09-09, kl 15:57
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Stillfront Group exercises its right to make a voluntary early redemption of the 2022 bonds and announces a new unsecured EUR 60 million term loan facility agreement with Swedish Export Credit Corporation (SEK)
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