Private Bond
Search documents
Civinity repurchased part of its private bond issue from INVL Bridge Finance ahead of schedule
Globenewswire· 2025-08-25 13:59
Core Insights - Civinity has exercised its early redemption right, repurchasing €3.69 million of its private bond issue ahead of schedule, leaving a remaining bond value of €4.48 million [1][2] Group Financial Actions - The partial redemption was financed through a €4 million loan from Signet Bank, which will also assist in settling obligations with Mobilly's shareholders as per the 2024 acquisition agreement [2] - Civinity's CEO stated that the early redemption will lead to significant interest cost savings, highlighting the company's focus on favorable financial conditions [2] Company Overview - Civinity operates as an urban lifestyle company, providing building maintenance services and engineering solutions in the Baltic States and the UK, with over 30 companies and more than 1,600 employees [3] - In 2024, Civinity reported revenues of €88.5 million and a Pro Forma EBITDA of €7.4 million [3]