21 July 2023
Keywords Studios plc ("Keywords Studios", “Keywords”, the "Company")
New Revolving Credit Facility of $400 million
Keywords Studios, the international provider of creative and technology-enabled solutions to
the global video games and entertainment industries, is pleased to announce the signing ofa new unsecured multicurrency revolving credit facility agreement ("RCF") of $400 million.
The new RCF is for an initial four-year tenor, with an option to extend the term by a further
one-year period, subject to lender consent.
The new facility, supported by a group of seven global lenders1, replaces the Company's
previous €150 million unsecured multicurrency revolving credit facility. The RCF’s financial
covenants remain consistent with the previous facility. The currency has changed from euro
to US dollar to match the expected predominant currency of future borrowings.
Rob Kingston, Chief Financial Officer of Keywords Studios, commented:"We are delighted to have finalised this new expanded RCF, which is more appropriately
scaled for a business of our size. We continue to review a strong pipeline of acquisition
candidates and this RCF, together with our strong cash generation, provides the long-term
liquidity and flexibility to pursue our growth strategy whilst maintaining a well-balanced mixof equity and debt funding. The success of this refinancing demonstrates the strength of theKeywords’ credit profile and ability to secure committed funding in the current lending
environment.”
1
Citibank, N.A., London Branch, HSBC Continental Europe, ING Bank N.V., Dublin Branch, Bank of China (Europe) S.A., Dublin
Branch, Allied Irish Banks, p.l.c., Northern Bank Ltd trading as Danske Bank, and The Governor and Company of the Bank ofIreland.

For further information, please contact:
Investor Contacts:

Media Contacts:

Keywords Studios

MHP Group

Giles Blackham

Director of Investor Relations

Katie Hunt / Eleni Menikou /Charles Hirst

gblackham@keywordsstudios.com

keywords@mhpgroup.com+44 7714 134 681

Numis Securities

Nominated Adviser & Broker

Stuart Skinner / Will Baunton+44 20 7260 1000

+44 20 3128 8794

About Keywords Studios (www.keywordsstudios.com)
Keywords Studios is an international technology-enabled solutions provider to the global
video games and entertainment industries. Established in 1998, and now with over 70 facilitiesin 26 countries strategically located in Asia, Australia, the Americas, and Europe, it provides
services across the entire content development life cycle through its Create, Globalize andEngage service lines to a large blue-chip client base across the globe.
Keywords Studios has a strong market position, providing services to 24 of the top 25 mostprominent games companies. Across the games and entertainment industry, clients include
Activision Blizzard, Bandai Namco, Bethesda, Electronic Arts, Epic Games, Konami, Microsoft,Netflix, Riot Games, Square Enix, Supercell, TakeTwo, Tencent and Ubisoft. Recent titles
worked on include Diablo IV, Hogwarts Legacy, Elden Ring, Fortnite, Valorant, League ofLegends, Clash Royale and Doom Eternal. Keywords Studios is listed on AIM, the London
Stock Exchange regulated market (KWS.L).