Setterwalls has advised Thunderful Group AB (publ) in connection with a directed new share issue and extension of the companys revolving credit facility - Setterwalls
Summary
Thunderful Group completed a directed share issue worth SEK 50 million and extended its revolving credit facility. Atari SA became the majority owner through the new share issue. Thunderful also renegotiated its credit arrangement with Danske Bank to keep a large portion of its operating credit available with a later maturity date. The company framed these moves as part of a broader restructuring and recapitalisation to lower costs and improve operating cash flow.
Classifications
industries
Entertainment
applications
Accounting and Taxes
AskAI Classifications
Labels
Game Development
Video Game Publishing
Entertainment Software
Linked Companies
Atari
$10M to $25M
Thunderful Group AB
$25M to $50M