The Asmodee Debt

[Trimpster]

This is a reddit thread discussing the asmodee debt

Here's a quote to summarize the situation

They now have $1,150 million in debts. Having that much debt means it's almost impossible for them to raise additional investor money through the stock markets; the numbers make no sense.

Those debts are due in December of 2025. Some are due at the end of October of 2025.

If they can squeeze enough cashflow out of 2024 and the first half of 2025, they can get that debt refinanced (basically, take out new loans to pay off the old loans and buy themselves some more time, at the expense of a little bit more interest.)

However, right now the company's survival is entirely dependant on keeping their lenders happy. Their lenders are going to be asking where the sales growth and revenue growth are coming from. Their lenders are going to be worried about interest rate hikes, and...yeah.

This whole situation is quite awkward, and not sure how it is going to affect BGA... But I guess it is now as good a time as any to be thankful and to enjoy the site as it is because it might be completely different in 2 years from now. Plenty of people complain about different stuff, and I agree, some of the recent updates have not been positive in the slightest, but, you can still play like 500+ games for free.