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The sellers will also be entitled to a cash earn-out consideration if certain EBITDA levels for the financial year 2019 are achieved.
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The total upfront consideration payable upon completion of acquisition of 100 percent of the shares in KIXEYE is payable in cash and amounts to USD 90 million on a cash and debt free basis. The planned financing from new debt will be a combination of bond and bank financing. In the event of a rights issue, 70% has been secured through guarantees provided by Swedbank. The planned financing from new equity will be in area of SEK 500 million. This will be done through a combination of raising new equity, through a directed issue and/or a rights issue and through raising new debt. During the coming twelve months, Stillfront aims to repay the bridge and further strengthen the group’s future financial flexibility in line with the group’s communicated financial targets. In order to finance the Transaction, Stillfront has obtained a bridge loan facility from Swedbank AB (publ) (“Swedbank”). As part of the Transaction, the assets pertaining to the development of the massively multiplayer online game (MMO) product, Kingdom Maker, will be divested to Global Worldwide prior to completion. KIXEYE has offices in Canada, US, Vietnam and Australia. 
War commander kixeye sectors elimination Pc#
KIXEYE is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games and approximately USD 850 million lifetime bookings. The sellers will also be entitled to a cash earn-out consideration if certain EBITDA levels for the financial year 2019 are achieved, which is subject to a cap of USD 30 million. a leading developer and publisher of online strategy games headquartered in Canada, to acquire 100 percent of the shares in KIXEYE (“KIXEYE” or the “Company”) for an upfront 100% cash consideration of USD 90 million on a cash and debt free basis (the “Transaction”). Stillfront Group AB (publ) (“Stillfront”) has today entered into an agreement with the owners of KIXEYE, Inc.
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