Maximum Games lands $30m credit line
The investment will go towards future acquisitions and investing in the firm's library of IPs
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Zordix subsidiary Maximum Games has secured a $30 million credit facility on a three-year timeline, the company announced this week.
To start with, Maximum will take an initial drawdown of $20 million; the remaining $10 million will be available "subject to covenants."
The deal was provided by Turning Rock Partners, and it will go towards, in part, investing in existing IPs and future acquisitions.
"With this flexible non-dilutive financing secured, we are now well equipped to accelerate our roadmap of owned IP and third party titles and continue investing in high quality franchises to bolster our business," said Zordix CEO Christina Seelye.
Zordix acquired the company in November 2021 for $42 million.
In February 2022, Seelye, formerly CEO of Maximum Games, was appointed as CEO of Zordix.