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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.

Alissa McAloon, Publisher

June 5, 2018

1 Min Read

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. 

About the Author(s)

Alissa McAloon

Publisher, GameDeveloper.com

As the Publisher of Game Developer, Alissa McAloon brings a decade of experience in the video game industry and media. When not working in the world of B2B game journalism, Alissa enjoys spending her time in the worlds of immersive sandbox games or dabbling in the occasional TTRPG.

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