Carnegie Joint Bookrunner in SEK 600 million senior unsecured bond issue in Stillfront Group

Stillfront Group AB (publ) (“Stillfront” or the “Company”) today announces that it has successfully placed SEK 600 million in senior unsecured bonds under a new bond framework of up to SEK 1,000 million due 2022.

The proceeds from the bond issue will be used for early redemption of the Company’s outstanding SEK 500 million 2017/2020 senior secured bond loan due 2020 and for general corporate purposes. The Company has also agreed terms on bank facilities in the amount of SEK 600 million.

The interest rate for the new bond loan was set to Stibor 3m + 500bps and the terms include several beneficial changes as compared to the Company’s outstanding bond loan, including release of security, more flexible terms for bank financing and permission for dividends in line with the Company’s financial policy. The bonds were placed with Nordic institutional and private investors.

Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through ten near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany, Goodgame Studios in Germany and Imperia Online, Bulgaria. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA.

Carnegie acted as Joint Bookrunner.

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