on BIKE24 Holding AG
Bike24 Holding AG Secures Medium-Term Financial Stability
Bike24 Holding AG has announced the successful extension of its €40 million bank facilities. The syndication, completed on February 10, 2025, involves collaboration with a consortium of three banks. This development marks a significant step in the company's financial plan, enhancing its medium-term financial stability and operational flexibility.
Despite facing industry-wide margin challenges in 2024, BIKE24 has maintained productive dialogues with lenders, resulting in the extension of its short-term loan to a medium-term solution. This new financial structure offers BIKE24 greater operational flexibility and aligns covenants with the company's strategic aims.
CEO Andrés Martin-Birner expressed satisfaction with the agreement, while CFO Timm Armbrust acknowledged the strong bank consortium partnership. BIKE24 continues its growth trajectory, focusing on expanding its e-commerce platform across Europe.
R. P.
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