BIKE24 Extends Syndicated Loan Agreement

BIKE24 Holding AG has finalized an extension to its existing syndicated loan agreement. Originally effective since June 2021, the agreement was last amended in March 2024. This extension prolongs the EUR 40 million credit facility, initially set to expire on April 30, 2025, by two additional years, now maturing on April 30, 2027. There is a provision for a further extension until April 30, 2028, with lender approval. The interest margin has been adjusted to range between 4.25% and 6.75%, contingent on the net debt ratio, as opposed to the previous 3.75% to 6.75%. This financial maneuver supports the general funding activities of the company.