EG7 has repaid its outstanding bonds and decreased its debt financing costs
Stockholm, 30 December 2020
Enad Global 7 AB (publ) has today, in accordance with the announcement made on 2 December 2020, completed an early redemption and repayment of all outstanding bonds 2019/2022 with ISIN SE0012702470.
The redemption amount, together with accrued but unpaid interest up to and including the date for early redemption, have been paid out to each person who was registered as a holder of bonds in the debt register maintained by Euroclear Sweden at end of business on 21 December 2020. The bonds have also been delisted from Nasdaq First North.
Prior to the early redemption and repayment, the bonds carried a fixed interest rate of 12 percent per annum. Following the repayment of the bonds and the procurement of certain credit facilities and term loans with Swedbank, EG7’s aggregate debt financing costs have decreased to approximately 3 percent per annum.
The information in this press release has been made public through the agency of the responsible person set out below, for publication at the time stated by the company’s news distributor Cision at the publication of this press release.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Robin Flodin, CEO
Phone: +46 70 477 06 34
EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 400+ game developers and develops its own original IP:s, as well as act as consultants to other publishers around the world through its game development divisions Toadman Studios and Antimatter Games. In addition, the group's marketing department Petrol has contributed to the release of 1,500+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution department Sold Out holds expertise in both physical and digital publishing and has previously worked with Team 17, Rebellion and Frontier Developments. EG7 is headquartered in Stockholm with 600 employees in 12 offices worldwide.
Nasdaq First North Growth Market Ticker Symbol: EG7
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