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Keywords has sourced more than $120 million to enable further acquisitions

Keywords has sourced more than $120 million to enable further acquisitions

Services provider Keywords Studios has secured a credit facility of up to €105m ($123m) to fund yet more acquisitions.

The company has agreed a new revolving credit facility with Barclays Bank, HSBC Bank and Lloyds Banking Group for an initial €75 million ($88m) over the next three years.

It also has the option to extend this up to €105 million and by a further two years.

The deal replaces the existing €35 million ($41m) facility the company had used. Keywords claimed the new facility is on “improved terms”.

M&A warchest

“We are pleased to have finalised this significantly expanded facility, on terms which improve upon our previous arrangement, in line with our intention of maintaining a conservative mix of equity and debt funding to support our investments in both the underlying business and new activities,” said Keywords CEO Andrew Day.

The full story is over on PocketGamer.biz


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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