UK Politics

Keywords Studios secures new €140mln loan facility

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Keywords Studios PLCs (LON:KWS) has agreed a new €140mln loan facility in a move it says will provide “further flexibility and headroom” to expand the business.

The AIM-listed firm, which provides services such as dubbing and localisation to the video game industry, said the new facility, agreed with Barclays, Citibank, HSBC and Silicon Valley Bank, would provide €100mln initially over three years with an option to extend to up to €140mln over a further two years, replacing an existing facility of €105mln.

WATCH: Keywords Studios sees 'very strong first half growth' as demand accelerates

"We are pleased to have finalised this facility which is a significant expansion on our previous arrangement and remains in line with our intention of maintaining a conservative mix of equity and debt funding”, said Keywords chief executive Andrew Day.

He added that the firm was currently reviewing a “strong pipeline of acquisition candidates” to scale up the business and “Read More – Source