Embracer Group to Reduce Debt

19 December 2023 13:56

Source: Embracer Group

Embracer Group has announced the extension of its credit and loan debts until 2025. According to reports, the primary credit facilitator has agreed to prolong the existing arrangement until February 2025, and the primary loan provider has extended their agreement until May 2025. Embracer Group will pay $166.2m in total. In accordance with the revised terms, Embracer Group is now obligated to make quarterly minimum payments, commencing from Q1 FY24/25 and continuing until January 2025. The company is going through a tough time the COO recently stepped down and recently underwent a restructuring programme.

Tags: Embracer Group

Sources: