We know a Lannister always pays his debts, and
explains that companies sometimes do as well. They report
that Starbreeze has submitted an administrator-approved plan to Swedish court
outlining a how they will repay all their debts, with interest, to their
creditors. Here's an outline of their proposal:
Starbreeze proposes to
pay its supplier creditors everything they were owed as of the date they filed
for reconstruction (Dec. 3, 2018) within five years, with 5% interest. Minor
supplier creditors have the option of going with that arrangement or instead
being paid everything they are owed within a year, but without interest.
The company's two largest creditors, Smilegate and Nordea, are being handled
separately as they had provided financing via loans. Shares of Starbreeze's new
publishing operation post-reconstruction are also being used as additional
collateral for Nordea. Negotiations around the Smilegate loan are ongoing.
All told, Starbreeze said it had debts totaling SEK 395.7 million ($40.80
million) as of last week. However, it also cited an external firm's accounting
of its assets as totaling SEK 1.6 billion ($164.99 million), with most of that
being the value of the rights to the Payday intellectual property.