The company says the fresh credit facility, with maturity in December 2023, gives it “cost-effective financing, an increased financial flexibility, and a prolonged time to maturity”.
The move supports Stillfront’s business model, which focuses on acquiring and developing video game studios while letting them operate freely – predominantly focusing on the free-to-play market.
This year alone, the company acquired 4 studios: Storm8 ($300 million), Nanobit ($100 million), Candywriter ($74.4 million), and Everguild (£1.1 million).
Stillfront, which is listed on the Nasdaq First North Premier Growth Market, raised just over €113 million earlier this year in a directed shared issue to Swedish and international investors.
Its new credit facility is supported by DNB Bank, Nordea and Swedbank.