Starbreeze Proposes Debt Repayment Plan

We know a Lannister always pays his debts, and GamesIndustry.biz 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.
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Re: Starbreeze Proposes Debt Repayment Plan
Nov 13, 2019, 10:07
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Re: Starbreeze Proposes Debt Repayment Plan Nov 13, 2019, 10:07
Nov 13, 2019, 10:07
 
"I'd gladly pay you back Tuesday..."
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Nov 13, 2019Nov 13 2019
Re: Starbreeze Proposes Debt Repayment Plan