East Side Games secures CAD $4M credit and US$4M loan
Key takeaways
- CAD $4,000,000 credit from National Bank of Canada
- US$4,000,000 loan via Export Development Canada Direct Lending Program
- EDC loan earmarked for two games planned for release in 2027
East Side Games Group has secured CAD $4 million in credit from the National Bank of Canada and an additional US$4 million loan through Export Development Canada's Direct Lending Program, the studio told PocketGamer.biz. The company said the National Bank credit is structured against its accounts receivable and receivable tax credits, and that it moved its banking relationship to National Bank from Royal Bank of Canada.
The Export Development Canada (EDC) loan is earmarked for two new games the studio plans to release in 2027. East Side Games did not name the titles or share gameplay details; it only confirmed the EDC funds are allocated to those upcoming projects. Separately, the company said part of the combined proceeds will repay its existing line of credit with Royal Bank of Canada and formally end its banking relationship with RBC.
East Side Games develops and publishes original and licensed mobile IP, licenses its GameKit platforms, works on prepaid platform partnership projects, and acquires studios and games to expand its portfolio, the company noted. The new National Bank facility is based on receivables and tax credits rather than upfront equity, while the EDC financing comes through a direct lending program designed for exporters.
Why it matters
Takeaway: the EDC loan is explicitly tied to two unrevealed titles slated for 2027, and part of the funds will settle East Side Games’ Royal Bank of Canada line of credit — concrete moves that free the company to use new bank credit and the EDC tranche for its 2027 development slate.
Original source
PocketGamer.biz
