Kinda Brave secures funding up to the launch of HELA.

Kinda Brave announces today that it has entered into a loan agreement with Avida for the refinancing of the existing loan of SEK 6.5 million from Bizcap AB and Quantum Leben AG. The SEK 6.5 million loan with Avida has a term of 18 months and matures on June 30, 2026. The interest rate is set at 6.95 percentage points above the 3-month Stibor.

In addition, Kinda Brave has also secured a revolving credit facility of up to SEK 10 million, divided into two tranches of SEK 6 million and SEK 4 million (”the Facility”). The first tranche of SEK 6 million is available as of the signing of the Facility, and the second tranche of SEK 4 million becomes available once the Company fulfills milestone deliveries under the publishing agreement with MY.GAMES.

The Facility has a 12-month term, and the Company will pay a 2.5 percent fee for access to the Facility and 5.5 percentage points above the 3-month Stibor on the utilized amount within the Facility.