Starbreeze & Smilegate agree to amend convertible bond terms - extended to 2024 for an estimated surcharge of SEK 165 million. Both are subordinated & will be paid from available cash flow
(WorldNews Finland)

Starbreeze & Smilegate agree to amend convertible bond terms - extended to 2024 for an estimated surcharge of SEK 165 million. Both are subordinated & will be paid from available cash flow STOCKHOLM ( December 6[th], 2019) - As part of the reconstruction process for Starbreeze, the company has reached agreement with Smilegate on amended convertible bond terms and other dealings related to the Crossfire game project. The maturity of the convertible bond will be extended from February 2020 to December 2024 and subordinated to other debt. The surcharge to Starbreeze in exchange for these amendments is estimated at SEK 165 million, will be subordinated to other debts and carried for five years...