Sole Bookrunner and Lead Manager on Eleving Group's Senior Secured Notes
- October 22, 2021
October 2021
Oppenheimer & Co Inc. acted as Sole Bookrunner and Lead Manager on Eleving Group’s €150 million 5NC2 Senior Secured Notes
Oppenheimer & Co. Inc. acted as a Sole Bookrunner on the 5NC2 €150 million Senior Secured Notes Offering for Eleving Group, rated B- (stable) by Fitch Ratings. The Senior Secured Notes (rated B-) priced at par to yield 9.5% with a final maturity date of October 18, 2026. Proceeds were used to (i) refinance the existing 9.5% 2022 Senior Secured Notes; (ii) refinance other borrowings; (iii) cash to balance sheet for GCP; (iv) pay transaction fees and expenses.
Eleving Group is one of the fastest growing international financial technologies companies, focused on used vehicle lending, motorcycle financing, car rental services and, in select markets, consumer loans. Established in Latvia in 2012, Eleving Group has expanded globally, currently operating on 3 continents, in 14 countries with more than 1,600 employees. Having successfully replicated their business model across emerging Europe, with later expansion to East Africa, Eleving Group enjoys a leading position in most markets, with no significant international competition and limited local competition.
Debt Capital Markets
John Tonelli
john.tonelli@opco.com
Guillaume Petitgas
guillaume.petitgas@opco.com
Farhod Inogambaev
farhod.inogambaev@opco.com
Igor Skochilo
igor.skochilo@opco.com
Hector Sandoval
hector.sandoval@opco.com
Brooke Williams
brooke.williams@opco.com
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