Keywords Studios, the Irish provider of services to the videogame industry, has announced that it has secured a $400 million loan to replace its previous unsecured multicurrency revolving credit line. The new revolving credit line comes with a one-year extension clause and maintains consistent financial covenants with the previous facility.
One notable change is that the currency of the credit line has shifted from euros to dollars, aligning with the expected predominant currency of future borrowings. This strategic move ensures that Keywords Studios is better positioned to manage its finances effectively.
The company remains focused on growth and is actively reviewing a strong pipeline of acquisition candidates. With the new loan and its strong cash generation, Keywords Studios has the long-term liquidity and flexibility to pursue its growth strategy.
Keywords Studios emphasizes that this successful refinancing reflects its strong credit profile and ability to secure committed funding in the current lending environment. This achievement is a testament to the company’s financial strength and its ability to adapt to market dynamics.
