Verve Group SE Raises €500M with New Bond Issue

Verve Group SE has announced the successful placement of €500 million in new senior unsecured bonds. The bonds, part of a €650 million framework, aim to replace the company's existing 2026 and 2027 bonds, resulting in significant interest cost reductions. The new bonds carry a four-year term and a floating rate of 3-month EURIBOR plus 4.00% per annum, expected to save approximately €12.5 million annually in interest costs.

The proactive refinancing will enhance Verve's financial flexibility, increasing free cash flow and enabling further business expansion. Institutional investors from Europe and the United States showed considerable interest in the offering, reflecting confidence in Verve's growth strategies.

The proceeds will not only facilitate the early redemption of the existing bonds but also support general corporate purposes. Redemption and settlement processes are scheduled for April 2025. Listing on Nasdaq Stockholm and the Frankfurt Stock Exchange is planned, with Pareto Securities and ABG Sundal Collier leading the transaction.