Super-App Bolt Secures €220M Credit Facility

Super-App Bolt Secures €220M Credit Facility

by May 7, 2024

Bolt announced that they have secured a €220m revolving credit facility, strengthening their financial position as they intend to balance growth and their path to profitability.

A revolving credit facility is a line of credit that allows a company to withdraw funds, which can be repaid and withdrawn as needed.

The €220m facility, provided by a syndicate of core relationship banks, supplements the company’s strong cash position and strengthens its liquidity profile. It is intended for general corporate purposes and is currently undrawn in line with our prudent financial approach.

Markus Villig

Markus Villig

“Our inaugural revolving credit facility is an important milestone for Bolt, demonstrating the company’s strength and financial maturity. We have secured highly attractive terms due to our solid financial standing. It is a clear reflection of our banking partners’ confidence in our trajectory and provides us with additional flexibility as we work towards being IPO-ready.”

Markus Villig, Founder & CEO

Citi acted as Co-ordinating Bookrunner and Mandated Lead Arranger. White & Case acted as legal advisor to Bolt and Clifford Chance acted as legal advisors to the lenders. Wilmington Trust is acting as both Facility and Security agent.

This RCF was obtained from 8 lenders: Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, LHV Pank and Luminor.