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 2027 with an additional two-year extension option.
The Group has two rated and listed senior unsecured bond loans outstanding in total EUR 350 million:
- B2I07: 4-year EUR 100 million issued on 30 January 2024 and EUR 50 million tap issued on 5 March 2024
- B2I08: 4.5 years EUR 200 million issued on 18 September 2024 (to be listed within 6 months after issue date)
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.
