Bonds and Financing
B2 Impact has a solid funding base to support future growth. Our gearing and our long-term funding structure give us the liquidity and financial flexibility to deliver on our strategy.
Our combination of equity, bank financing and bonds provides access to capital when larger opportunities arise, while steady collections across the Group provide a strong cash flow.
The Group has the following bank financing with a total facility line of EUR 610 million:
- RCF: EUR 610 million senior secured revolving credit facility with DNB, Nordea, and Swedbank with a maturity date of 30 June 2028 with an additional one-year extension option.
The Group has three rated and listed senior unsecured bond loans outstanding in total EUR 650 million:
- B2I08: EUR 150 million outstanding with maturity on 18 March 2029
- B2I09: EUR 200 million outstanding with maturity on 31 March 2030
- B2I10: EUR 300 million outstanding with maturity on 18 January 2031 (Will be listed on Oslo Stock Exchange in Q1’2026)
B2 Impact will continue to finance the business through a mix of debt and equity, with a long-term equity ratio target larger than 27.5 % and a target leverage ratio below 3.0x. We aim to maintain good headroom to financial covenants and preserve solid liquidity, including undrawn RCF capacity and cash reserves, in order to facilitate future growth and to be able to act when attractive opportunities arise.
For further information see Registration Document and Securities Note below.
