Game Digital has announced that it has secured £100 million of funding from Lajedosa Investments. The company said that the loan will replace existing credit facilities.
Since January 2016, the group has been exploring more flexible forms of funding so as to better manage its financing requirements. Specifically, the group has been investigating asset-backed lending arrangements to replace the group's existing revolving credit facilities, as these better suit the needs of the business.
The quantity of stock that the business seeks to purchase varies seasonally and can rise significantly around the dates of new hardware and software releases.