Embracer Group Mergers and Acquisitions Presentation Deck
Financing and Current Trading Update
Embracer has secured additional long-term debt funding commitments of SEK 4.0 billion and extended one existing loan of SEK 6.0
billion with our Nordic relationship banks Nordea, SEB, and Swedbank
The additional bank funding commitment will finance our current M&A pipeline, including today's transaction
With the inclusion of the new facility, we estimate to have more than SEK 10.0 billion in available cash and credit facilities by
today's date
We estimate current average net interest cost across the group is expected to be approximately 1.0% including the new facility
Under the new terms, Embracer does not hold any short-term debt on the balance sheet. We do not have any debt that expires
before 30 June 2023
Embracer expects strong growth in free cash flow during FY22/23 and the years beyond. We remain committed to delivering on our
financial leverage target. If net debt temporarily exceeds 1.0x net debt to operational EBIT on a forward 12 months basis, our intent
is to return to below 1.0x net debt to operational EBIT over the medium term
Current trading: The company today reiterates its current forecast of operational EBIT for FY21/22, FY22/23, and FY23/24.
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