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.

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