informa
1 min read
News

Keywords Studios grabs $88M credit line for new acquisitions and investments

Keywords Studios has secured a €75 million (~$88 million) line of revolving credit that it intends to use to further build up its businesses over the next three years.

Keywords Studios has secured a €75 million (~$88 million)  line of revolving credit that it intends to use to further build up its businesses over the next three years. 

According to the Irish Times, Keywords’ new funds come from Barclays, HSBC, and Lloyds Banking Group, with the possibility to grow to €105 million (~$123.1 million) and add two additional years to the agreement down the line. 

Keywords provider notes that the agreement replaces an earlier €35 million deal and introduces better all-around terms.

“We are reviewing a strong pipeline of acquisition candidates and organic investment opportunities as we continue to build our business organically and through acquisition,” said Keywords CEO Andrew Day in a statement. “This facility gives us the flexibility and headroom to act on our investment decisions whilst continuing to enhance shareholder value.”

Even before seeking this new cash infusion, Keywords had been fairly busy snapping up game development companies like, just recently, the marketing firm Fire Without Smoke, the audio-minded companies Cord and Lace, the localization company LOLA, and the development studio Sperasoft, to name just a few. 

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more