Bonds and Financing
B2 Impact has a solid funding base to support future growth. With a strong balance sheet and low leverage, the long-term funding structure gives 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 and cost control across the Group provide a strong cash flow.
The Group has the following bank financing with a total facility line of EUR 510 million:
- RCF: EUR 510 million senior secured revolving credit facility in a club deal with DNB and Nordea, maturing on 25 August 2029, with an additional two-year extension option.
The Group has four rated and listed senior unsecured bond loans outstanding in total of EUR 800 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
- B2I11: EUR 150 million outstanding with maturity on 8 January 2032 (to be listed during Q4’26)
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 2.5x. 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.
