Eleving Group bond issue

About Company

Established in 2012 Eleving Group (formerly Mogo Finance) is one of the largest and fastest-growing secured used car and consumer financing companies in Europe.

Eleving Group operates on 3 continents in 14 countries with more than 1,600 employees.

Diversified product mix of secured vehicle loans, motorcycle taxi loans, rent-to-buy, premium vehicle loans and consumer loans.

Credit rating agency Fitch Ratings has assigned Eleving Group a “B-” rating with stable outlook.

Additional information:

https://eleving.com/investors/

Term Sheet

Issuer

Eleving Group S.A.

Sector

Non bank financing

Type

Private placement

Security type

Senior secured bonds

Issue size

EUR 150-175m

Coupon rate

9.5%

Coupon frequency

Semi-annual

Price

100%

Term

18.10.2026.

Call options

[●]% until Y2
[●]% after Y2
[●]% after Y3
100% after Y4

Nominal value

EUR 1 000

Minimum subscription

EUR 100 000

Covenants

• Interest coverage ratio at least 1.25x
• Capitalization ratio at least 15%

Use of proceeds

Refinancing

Listing

Planned listing on the Frankfurt Stock Exchange within 4 months from issue date

Co-Manager

Signet Bank AS

Additional information

Eleving Group Eurobond issue

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