LazyTown concludes restructuring agreement

LazyTown’s financial restructuring has been finalised by agreement with the bondholders and the bank. 

After the restructuring the equity ratio is above 80 per cent and there will be no repayments of loans for the next two years. In addition to that the company has secured a credit facility and there is no refinancing risk for the next few years. All of this leaves the company in a great position for future growth..

LazyTown is the only children’s entertainment brand solely dedicated to helping family’s enjoy a healthier lifestyle. This is its unique selling point, and with the general public increasingly aware of the importance of health and wellbeing, LazyTown Entertainment has been able to attract more strategic partners and licensees.

Magnus Scheving, the CEO of LazyTown, remains a major shareholder in the company. He says: “I’m extremely thankful and grateful to the stakeholders who worked together to conclude this process. We are excited to continue leveraging the incredible opportunities being presented to the brand, while at the same time contributing towards a healthier new generation of young people.”

---

Social Links