Enad Global 7 AB (publ) has successfully placed SEK 350 million senior unsecured floating rate bonds within a bond framework of a maximum of SEK 1,000,000,000. The bonds will have a tenor of three years and carry a floating rate coupon of 3m STIBOR plus 6.25 % per annum, reset quarterly.
EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs approximately 360 game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios and Big Blue Bubble. In addition, the group's marketing department Petrol has contributed to the release of 2,000+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution departments Fireshine Games hold expertise in both physical and digital publishing. EG7 is headquartered in Stockholm with approximately 546 employees in 12 offices worldwide.
DNB Markets, a part of DNB Bank ASA, Sweden Branch, acted as Sole Bookrunner. Baker McKenzie acted as legal advisor to Enad Global 7 with a team consisting of Stefan Balazs, Markus Meuller, John Gustafson, Gustaf Erlandsson and Nils Hjalmarsson.