23rd Dec 2021 17:45
Keywords Studios PLC - Dublin-based technical services for video game developers - Completes new unsecured multi-currency revolving facility agreement with a syndicate of four lenders, which replaces company's previous EUR100 million secured revolving credit facility. New facility replaced with EUR150 million RCF for an initial three-year tenor, with an option to extend the term by two further one-year periods at the company's request.
New RCF's financial covenants same as previous facility and also includes an additional EUR50 million uncommitted accordion.
The lender group is made up of Citi Commercial Bank, Fifth Third Bank, National Association, HSBC Continental Europe and ING Bank NV.
Current stock price: 2,878.55 pence
Year-to-date change: up 0.7%
By Paul McGowan; [email protected]
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