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Stillfront successfully issues bonds of SEK 850 million

MARKN.

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW

Stillfront Group AB (publ) (”Stillfront”) has successfully issued senior unsecured bonds (the “Bonds”) in an initial amount of SEK 850,000,000 and under a total framework of SEK 2,000,000,000. The Bonds carry a floating interest rate of 3m Stibor + 365 basis points and will mature on 3 September 2029. Stillfront intends to apply for admission to trading of the Bonds on the corporate bond list of Nasdaq Stockholm.

The proceeds from the issue of Bonds will be used for general corporate purposes (including but not limited to partial refinancing of drawn amounts under Stillfront’s existing multicurrency revolving credit facility, refinancing, investments, acquisitions and earn-out payments).

"We are pleased to have secured new debt financing with attractive terms, while successfully extending the maturity profile of our debt portfolio. With this new bond framework in place, Stillfront maintains a flexible financing platform and a strong balance sheet", says Andreas Uddman, CFO.

DNB Markets, a part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp and Swedbank AB (publ) have acted as joint bookrunners and arrangers in conjunction with the issuance of the Bonds. Mannheimer Swartling has acted as legal advisor.

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 global games company. We develop digital games that are played by almost 45 million people each month. Our diversified portfolio spans well-established franchises like Big Farm, Jawaker and Supremacy, to smaller, niche games across our different genres. We believe gaming can be a force for good and we want to create a gaming universe that is digital, affordable, equal, and sustainable. Our HQ is in Stockholm, Sweden, but our game development is done by teams and studios all over the world. Our main markets are the US, Japan, MENA, Germany, and the UK. Stillfront's shares (SF) are listed on Nasdaq Stockholm. For further information, please visit: stillfront.com

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Stillfront successfully issues bonds of SEK 850 million

Datum 2024-11-25, kl 16:45
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Stillfront successfully issues bonds of SEK 850 million
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