VNV Global

VNV Global AB (publ) (“VNV Global” or the “Company”) portfolio company Voi today announced it has successfully placed EUR 50 mln of senior secured bonds. The bonds carry a four-year tenor and a floating rate interest of 3 months Euribor plus 6.75% per annum. Voi will use the net proceeds from the bond issue to scale its current 110 000 e-scooter and e-bike fleets, refinance its existing debt, and for general corporate purposes.
 
The offering attracted strong demand from large and reputable Nordic and international institutional investors and was significantly oversubscribed.
 
Voi is expecting 2024 to be another record year for rides, revenues and profitability on the back of significantly reduced central costs as well as rapidly improved vehicle gross profit margin.
 
Mathias Hermansson, CFO and Deputy CEO at Voi, said: “The successful bond issuance reflects a strong vote of confidence from professional investors in Voi’s ongoing initiatives and strategic direction, as well as robust support for the company’s continued expansion.”

For more information, please see Voi’s press release through the following link.