1 row is stored for this page
| Field | Field type | Value |
|---|
| _modificationDate | Datetime | 2024-06-21 2:54:55 PM |
| _pageID | Integer | 7,257 |
| _pageName | Page | Embracer Group Pays Back $300m |
| _pageTitle | String | News/Embracer Group Pays Back $300m
|
| _pageNamespace | Integer | 0 |
"News" values
1 row is stored for this page
| Field | Field type | Allowed values | Value |
|---|
| image | File | | |
| image_alt | String | | |
| tags | List of String, delimiter: , | | Embracer Group |
| targets | List of Page, delimiter: , | | |
| date | Datetime | | 2024-06-21 10:33:22 AM |
| author | Page | | Dante Uzel |
| category | List of String, delimiter: , | Transfer Market · Drama · Business · Companies · Hires · Investments · Mergers and Acquisitions · Sponsorships · More | |
| game | List of String, delimiter: , | Age of Empires · Apex Legends · Brawl Stars · Call of Duty · Counter Strike · Dota 2 · FIFA · Fortnite · Hearthstone · League of Legends · Mobile Legends · NBA 2K · Overwatch · PUBG · PUBG Mobile · Rainbow Six · Rocket League · Smash · Starcraft II · Valorant · Warcraft III · World of Warcraft · Wild Rift | |
| content | Text | | [[Companies/Embracer Group|Embracer Group]] announced that they paid $300m of debt. The group informed lenders about the repayment, marking progress towards meeting its obligations under the credit facility, which must be fully repaid by May 2025. According to release, installment aligns with Embracer's established financial plan.
The repayment was made possible by proceeds from the recent sale of [[News/Take-Two Acquires Gearbox|Gearbox Entertainment to Take-Two Interactive for $460m]], a transaction finalized last week. Additionally, [[News/Saber Interactive Sold for $247m|Embracer has sold Saber Interactive]] and its associated studios for $247m.
Embracer Group's latest financial report indicated total debts of $1.5b as of last month. The divestments of Gearbox and Saber are anticipated to significantly reduce this debt burden moving forward.
[[News/Embracer Group to Divide into 3 Companies|Embracer Group revealed on April 22, 2024, its plans to split into three independent publicly traded companies on Nasdaq Stockholm]] over the next two years. The restructuring will see the formation of distinct entities: one focused on board games under the Asmodee group, another dedicated to indie games under Coffee Stain Publishing, and a third managing its portfolio of licensed intellectual properties, including those from Tolkien's Middle Earth. |
1 row is stored for this page
| Field | Field type | Value |
|---|
| source | Page | Games Industry |
| url | String | https://www.gamesindustry.biz/embracer-group-repays-300m-to-lenders |
Scraped sources:
