Multitude SE successfully places €50m senior unsecured bond – Marketscreener.com

Multitude SE successfully places €50 million of senior unsecured notes

Helsinki, 7 December 2022 – Multitude SE (“Multitude” or the “Group”) is pleased to announce the successful placement of €50 million senior unsecured notes (NO0012702549) due December 2025 (the “Obligations”).

The net proceeds of the Bonds, together with the existing cash, will be used to refinance the outstanding bonds of Ferratum Capital Germany GmbH maturing in April 2023 (ISIN SE0012453835) (the “Outstanding Bonds”). Outstanding Bonds will be redeemed shortly after settlement of the new bond issue.

The bond issue has attracted strong demand from existing and new investors, it will carry a floating rate coupon of 3 month Euribor plus 7.50% and was priced at 97.00% of the nominal amount. The Bonds will be listed on a regulated market within six months and on the open market of the Frankfurt Stock Exchange within 60 days (with the intention of listing within 30 days).

“We are proud of a successful bond issue under current market conditions and are pleased with the level of demand from existing and new investors. This transaction reflects the financial markets’ confidence in Multitude’s well-diversified portfolio. Following this placement, we are now focused on growing and improving our business as we move forward,” said Bernd Egger, Group Chief Financial Officer.

Fitch Ratings has assigned an expected long-term issuer default (IDR) rating to Multitude SE at ‘B+’ with a stable outlook and the long-term rating of the senior unsecured notes issued by Multitude SE at ‘B+’ /RR4 on November 17, 2022 This rating will be confirmed by Fitch Ratings upon receipt of the final issue documents.

Pareto Securities and Jefferies acted as joint bookrunners on the bond issue.

For more information, please contact:

Bernd Egger, CFO of Multitude SE
+49 173 793 1235, [email protected]

Maik Laske, Multitude SE Group Treasurer
+49 173 388 7612, [email protected]

Lasse Mäkelä, Director of Strategy and IR of Multitude SE
+41 79 371 34 17, [email protected]

About Multitude SE:

The multitude is fully regulated fintech growth platform. Its ambition is to become the most valued financial ecosystem. This vision is backed by over 17 years of solid experience building and scaling fintech. With its full European banking license, deep technology, regulatory, cross-selling and financing know-how, Multitude enables a range of sustainable banking and financial services to grow and grow. Currently, it has three independent business units on this growth platform: Ferratum as a consumer lender, CapitalBox as a commercial lender, and SweepBank as a business and financial application. Multitude and its independent units employ more than 700 people in 19 countries, and together they have generated 214 million euros turnover in 2021. Multitude was founded in 2005 in Finland and is listing in the main standard segment of the Frankfurt Stock Exchange under the symbol “FRU”. www.multitude.com