Keyword Studios lands $400m credit facility to pursue new deals

AIB and Bank of Ireland among group of seven lenders to support loan via IrishTimesBiz

AIB and Bank of Ireland are among a group seven lenders to extend a new $400 million loan facility to Dublin-based Keyword Studios to pursue its growth strategy.

The Irish company, which provides technical and creative services to the video game industry, announced on Friday that it has secured an unsecured revolving credit facility from the group of banks that also includes Bank of China, HSBC, Danske Bank, ING and Citibank. It said the new facility will replace a previous €150 million loan with the currency changed from euro to US dollar “to match the expected predominant currency of future borrowings”.

Rob Kingston, chief financial officer at London-listed Keyword – which recently acquired US game development studio Hardsuit in a deal worth up to $15 million – said the new and expanded RCF is more suitably scaled to a business of Keyword’s size.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IrishTimesBiz /  🏆 6. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Double All-Ireland winner Wall set for possible Ireland 7s switch ahead of OlympicsA spokesperson from North Melbourne has said that Wall has been given an offer to play sevens rugby.
Read more »

Ireland v Australia v Ireland LIVE times, team information and score updatesToday history is made! RSVP is wishing the Republic of Ireland the very best of luck in their opening match against Australia 👏 The whole country is behind you! COYGIG Follow all of the action as it happens live here:
Read more »

Ireland show enough in Australia defeat to suggest they can still get out of this groupA narrow 1-0 loss to the co-hosts showed Ireland can compete with Canada and Nigeria for the knockout rounds.
Read more »

Ireland's Group B rivals Canada and Nigeria deadlocked in 0-0 drawA missed penalty, a red card and no goals - the story of Nigeria v Canada, Ireland's group B opponents over the next 10 days
Read more »

Campher rescues Ireland in nervy opening win at T20 World Cup QualifierCurtis Campher's 61 was just enough to ensure that Ireland got their T20 World Cup Europe Qualifier tournament off to a winning start against Italy
Read more »