Funcom’s bondholders unanimously agree to defer Funcom’s debts

Back in October, Funcom asked its bondholders to defer its debts another year, summoning those holders to a meeting to vote on a proposal that would “provide cash relief to Funcom N.V. in 2015 to allow for sufficient working capital.”

In light of that, these must be sweet words to read:

The bondholders’ meeting regarding convertible bond issue number ISIN NO 001 063043.7, summoned by Nordic Trustee ASA on behalf of Funcom N.V. was held today, 26 October 2015.

The meeting adopted all of the proposed resolutions.

In fact, it was unanimous.

There were sufficient Bondholders present at the meeting to form a quorum. The proposed resolution obtained 100% of the votes, and the proposal was adopted according to the voting requirements of the Bond Agreement. The Bond Agreement will therefore be changed as set out in the summons to the meeting.

Funcom lives another year.

Source: NewsWeb. With thanks to Sally for the tip.
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142 Comments on "Funcom’s bondholders unanimously agree to defer Funcom’s debts"

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Yangers
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Yangers

A+++++

evolv_monbly
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evolv_monbly

Nordavind good choice

JamesCrow
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JamesCrow

neserbohy manaek05 you talking about GW2?
the game with horrible story, boring leveling.. event the expansion that i bought not give me reason to comback.
and i played and loved GW1 for six years.

evolv_monbly
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evolv_monbly

wjowski Armsbend Gottphoenix i dont understand how amazon hasnt collapsed, or why people dont compare it to enron..
http://ben-evans.com/benedictevans/2014/9/4/why-amazon-has-no-profits-and-why-it-works

frzn
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frzn

*throws hat in air*

wolfyseyes
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wolfyseyes

They must have some pretty good plans for those holders to unanimously agree to a deferment. I’m both delighted that Funcom soldiers on and curious what comes next.

Mailvaltar
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Mailvaltar

Great news!

shadowblender
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shadowblender

Funcom needs to live even for the fact that is one of the companies that don’t focus on the new wave of ”quick cashgrab games” like for mobile or card games.

Even Blizz puchased for shiloads of billions candy crush and will likely focus on mobile and heartstone cashgrabs.

Ekphrasis
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Ekphrasis

Good news – Funcom showed us what it could do with TSW (and AoC, AO) and more recently, The Park. There is some serious talent here.
In my opinion, they don’t just create games – they create amazing experiences.

Their MMOs need just a wee bit more fine tuning (TSW’s combat for instance) but I’m grateful for the fact they haven’t jumped on the bandwagon of creating shallow WoW clones or yet another stereotypical fantasy MMO that checks the boxes. Not that there’s anything wrong with that – I just love the fact that Funcom brings us variety and great quality.

Looking forward to seeing them get back on track and continue bringing us great things over the next 12 months – and beyond.

neserbohy
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neserbohy

manaek05  Most MMOs are pathetic, unstable buggy piece of shit at release. Of all the MMOs I’ve been playing, GW2 was most polished straight out of the box, and even that one had its share of problems.