Eleving Group issues EUR 275 million senior secured bonds with a fixed interest rate of 9.5% per annum

EQS-News: Eleving Group S.A. / Key word(s): Bond Eleving Group issues EUR 275 million senior secured bonds with a fixed interest rate of 9.5% per annum 17.10.2025 / 19:15 CET/CEST The issuer is solely responsible for the content of this announcement.

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Eleving Group, following the exchange of 2021/2026 bonds and the public offering of EUR 2025/2030 senior secured and guaranteed bonds (ISIN XS3167361651), issues EUR 275 million of new bonds. The funds raised through the bond issue will be mainly used by Eleving Group to refinance the EUR 150 million bonds issued in 2021, refinance part of Mintos liabilities as well as to support the development of the Group’s loan portfolio.

Due to strong demand from institutional investors, the interest rate on the new bonds (ISIN XS3167361651) has been set at 9.5% per annum.

“We are truly pleased with the strong interest and trust shown by both private and institutional investors in Eleving Group. The transaction gained global interest with demand consisting of institutional investors from Europe, the US, and the Middle East, as well as retail investors from the Baltics and Germany. Demand for the offering was exceptionally strong which confirms that investors trust our business model and appreciate our work in the capital markets over the past years. This issuance will not only allow us to refinance existing obligations but also to continue developing our net loan portfolio, enabling us to sustain profitable growth,” said Eleving Group CEO Modestas Sudnius.

The Group's management considers the respective issue a success. The strong participation from retail and institutional investors reflects ongoing investor confidence and the growing appeal of Eleving Group’s financial instruments.

During the issue, Eleving Group offered senior secured and guaranteed bonds with a nominal value of EUR 1,000, maturing on 24 October 2030, with interest payable semi-annually on 31 March and 30 September each year.

On Friday, 17 October 2025, due to the high demand for the new 2025/2030 Eleving Group bonds, Eleving Group management decided to increase the aggregate principal amount of the bonds to be issued. A supplement to the prospectus, as approved by the Luxembourg Commission for the Supervision of the Financial Sector (Commission de Surveillance du Secteur Financier – “CSSF”) on 29 September 2025, was submitted by Eleving Group to the CSSF to increase the amount of the bonds to be offered from up to EUR 250,000,000 to up to EUR 300,000,000, and to increase the total number of bonds to be offered from up to 250,000 to up to 300,000 and has been approved by the CSSF on 17 October 2025.