Verve Group SE successfully places senior secured bonds of EUR 65 million, gives conditional notice of early total redemption of 2020/2024 bonds and reduces interest costs by 2.37%

July 02, 2024 (17:00 CEST) – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, has following a bookbuilding process, successfully placed a subsequent bond issue (the “Subsequent Bond Issue” or the “Subsequent Bonds”) in an amount of EUR 65 million under the Company’s existing senior secured floating rate bond framework with ISIN SE0018042277 (the “Bonds”). Following the Subsequent Bond Issue, the outstanding amount under the Bonds will be EUR 240 million. The transaction was met with strong demand from primarily institutional investors based in the Nordics, Europe and the U.S., and was placed at a price of 102.50% of par resulting in a yield of 3m Euribor + 4.88%. This is significantly down from the latest bond issue in 2023 with a yield of 3m Euribor + 7.25% and results in a reduction in financing costs of 2.37% compared to the last bond issue.


Given the significant increase in size and profitability following the Jun Group acquisition as well as immediately improved credit ratios following the equity issuance the Company expects to save at least EUR 10 million in annual interest costs once the outstanding debt is refinanced at better terms.


Proceeds from the Subsequent Bond Issue will be used to fully redeem the Company’s outstanding 2020/2024 senior secured bond with ISIN SE0015194527 (the “2020 Bonds”) and for general corporate purposes of the Company. The 2020/2024 Bonds will be redeemed at the redemption price of 100.719 per cent. of the outstanding nominal amount (i.e., EUR 100,719 per 2020/2024 Bond) together with any accrued and unpaid interest. The redemption date of the 2020/2024 Bonds will be 29 July 2024 and the record date will be 22 July 2024, conditional upon the Subsequent Bonds having been issued by the record date for the redemption. The Company will issue a press release if the condition is not fulfilled. A notice of early redemption will be sent to directly registered owners of the 2020/2024 Bonds in the debt register as of 2 July 2024.

Paul Echt, CFO of Verve: “The successful placement of the bonds at a price of 102.50% of par following the strong demand from institutional investors reflects the outstanding financial performance of Verve in addition to the signifianct increase in size and profitability with an improved balance sheet following the acquisition of Jun Group. We think that the reduction of the interest costs of 2.37% is just the beginning of a new trend and expect at least EUR 10 million in annual interest cost savings once the outstanding debt is refinanced at better terms.”


Settlement of the Subsequent Bonds is expected to be on or about 15 July 2024. The Company intends to apply for admission to trading of the Bonds on the Open Market of the Frankfurt Stock Exchange and the corporate bond list of Nasdaq Stockholm.


Pareto Securities AB acted as sole bookrunner and Gernandt & Danielsson Advokatbyrå acted as legal advisor in connection with the Subsequent Bond Issue. 


Responsible parties

The information in this release has been made public through the agency of the responsible persons set out below for publication at the time stated by Verve’s news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information.

For further information, please contact:

Sören Barz
​Head of Investor Relations
​+49 170 376 9571

About Verve

Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a fast-growing, profitable digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with our mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden (registration number 517100-0143). Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market. Verve's certified advisor on the Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info:

Forward-looking statements

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