View source for News/Embracer Group to Reduce Debt

{{News
|seo_title=Embracer Group to Reduce Debt
|seo_keywords=Embracer Group
|image=Embracer.png
|tags=Embracer Group
|date=2023-12-19T13:56:51.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/embracer-extends-credit-and-loan-agreements-amid-ongoing-restructure
|article=News/Embracer Group to Reduce Debt
}}
|author=Andura
|category=Business
|content=[[Companies/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 [[News/Embracer COO to Step Down|the COO recently stepped down]] and [[News/Embracer Group Reveals Restructuring Program|recently underwent a restructuring programme.]]
}}