Industry News
Raketech repays its previous loan facility in full

As a final step in optimising its capital structure post-IPO, Raketech has repaid the outstanding debt of EUR 7.7 million from its previous loan facility. As a result of the payment, Raketech decreases its financial expenses by approximately EUR 0.2 million per quarter.
Since Raketech’s IPO in 2018, the company has prioritised optimising its capital structure by settling the existing loan and securing more favourable bank financing. The company entered an agreement with Swedbank in December for a revolving credit facility of EUR 10 million.
Andreas Kovacs, CFO at Raketech, commented: “To have successfully cleared our former loan facility is a milestone for Raketech’s finance strategy. We now have optimal conditions to carry out additional acquisitions, with lower financial expenses over timeâ€.
About Raketech Group:
Raketech is a leading online affiliate and content marketing company, with expertise in delivering SEO, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser. For more information, visit www.raketech.com.
-
Asia5 days ago
S8UL Launches 12-City Esports World Cup Watch Party Tour and Exclusive Creator Experience in Mumbai
-
eSports5 days ago
Team Vitality’s Women’s Mobile Legends: Bang Bang Team Crowned World Champions at the Esports World Cup
-
Asia5 days ago
DigiPlus Backs Stricter Online Gambling Regulation
-
Interviews5 days ago
Betting That Works: DATA.BET’s Performance-First Approach to Sports Expansion
-
Australia5 days ago
ACMA Blocks More Illegal Online Gambling Sites
-
Interviews4 days ago
Roundtable: Why Malta remains the ‘hub’ of European iGaming
-
Interviews5 days ago
CEO of MEDIA24 Interviewed: Industry Scams, Business Insights and SEO
-
Africa4 days ago
Altenar appoints Brendon Jeacocks as Regional Director in South Africa