Funding
East Side Games Group Secures NBC and EDC Credit Lines and Repays RBC Debt
By News Desk ·
Key takeaways
- East Side Games Group secured a C$3.0M revolver and up to C$3.5M in tax-credit term loans from National Bank of Canada, plus a $4.0 million term loan from Export Development Canada.
- The company repaid its RBC debt in full and had about C$3.2M drawn at closing, C$1.0M cash on hand and roughly C$6.4M of availability remaining.
- East Side Games Group closed a CAD 2.95 million private placement in May 2026 and reported full-year 2025 revenue of CAD 77.6 million.
East Side Games Group secured a C$3.0M revolver and up to C$3.5M in tax-credit term loans from National Bank of Canada, plus a $4.0 million term loan from Export Development Canada, and repaid its RBC debt, TradingView reported. About C$3.2M was drawn at closing, with C$1.0M cash on hand and roughly C$6.4M of availability remaining.
East Side Games Group's New NBC and EDC Facilities
The C$3.0M revolver from National Bank of Canada carries an interest rate of prime plus 1%, according to TradingView. The tax-credit term loans of up to C$3.5M amortize as the underlying tax credits are received. The $4.0 million Export Development Canada term loan adds US-dollar liquidity and diversifies the company's lenders and terms.
East Side Games Group repaid its RBC facility in full, removing the prior lender from its balance sheet. The company said the new facilities are intended to restore user acquisition spending and support fourth-quarter 2026 revenue. NBCUniversal, whose formats unit has been acquiring distribution rights to Japanese game shows, is a separate counterparty in the credit arrangement.
East Side Games Group's Funding and Revenue Records
According to akta.pro company records, East Side Games Group closed a CAD 2.95 million strategic private placement in May 2026 with new strategic and insider investors, strengthening its balance sheet amid RBC covenant non-compliance. The same records list two funding rounds on file: a 2026-04 post-IPO equity round of $2.2 million with two investors, and a 2021-02 post-IPO equity round of $17.9 million.
| Figure | Value |
|---|---|
| Full-year 2025 revenue | CAD 77.6 million (down 7% year over year) |
| Adjusted EBITDA for 2025 | CAD 800,000 (down 92% from 2024) |
| 2026 guidance | CAD 50-56 million |
East Side Games Group's Path to the New Credit Lines
In May 2026, East Side Games Group closed a non-brokered private placement for $2.95 million, issuing 26.9 million units at $0.11 each, Newswire reported. The company said it would use proceeds to repay debt and fund operations, reaffirming its 2026 revenue outlook of $50-56 million and A-EBITDA margins of 15-18%.
In September 2026, East Side Games Group announced cost reduction initiatives cutting about 30 employees, or 32% of headcount, effective September 1st, Yahoo reported. The cuts and operational efficiencies are expected to generate $3.5 million in annualized cost savings, with most realized in the fourth quarter of 2026.
In October 2026, East Side Games Group transferred its banking relationship to National Bank of Canada and secured $4 million CAD in credit based on accounts receivable and receivable tax credits, Yahoo reported.
East Side Games Group's Fourth-Quarter 2026 Outlook
The company said the new facilities aim to restore user acquisition and support fourth-quarter 2026 revenue.