Bolt Secures €220M Revolving Credit Facility: Advancing Towards IPO”

Bolt, a leading European mobility platform, has garnered an impressive user base of over 150 million customers across a vast network spanning over 45 countries throughout Europe and Africa. With its user-friendly interface and reliable service, Bolt has become a go-to choice for commuters, travelers, and urban dwellers alike, offering convenient transportation solutions tailored to diverse needs and preferences. As a trusted partner in mobility, Bolt continues to revolutionize the way people move, providing seamless access to transportation services and enhancing connectivity across communities and cities across two continents.

Bolt, a prominent player in the global shared mobility sector, has just finalized a significant milestone with the closure of its inaugural €220 million syndicated revolving credit facility (RCF). This achievement underscores Bolt's strong position in the market and its ability to attract substantial support from financial institutions. The RCF, initially sized at €200 million, saw an increase during syndication due to robust demand, ultimately becoming oversubscribed. This development reflects confidence in Bolt's growth trajectory and strategic vision. Notably, this financing round adds to the €2 billion in funding previously raised by the company, further solidifying its financial foundation and fueling its expansion initiatives.

Bolt, a prominent European mobility platform, has firmly established itself with a staggering user base exceeding 150 million individuals spread across more than 45 countries across the continents of Europe and Africa. This expansive reach underscores Bolt's commitment to providing innovative transportation solutions that cater to a diverse global audience.

With a mission to reshape the future of mobility, Bolt endeavors to accelerate the transition from conventional car ownership to shared mobility experiences. By offering a comprehensive suite of transportation options tailored to meet various needs and preferences, Bolt aims to revolutionize the way people navigate urban landscapes.Through its user-centric approach and relentless pursuit of excellence, Bolt seeks to make transportation more efficient, accessible, and sustainable for communities worldwide. As it continues to expand its footprint and enhance its services, Bolt remains dedicated to driving positive change and shaping the future of mobility on a global scale.

The recently finalized €220 million syndicated revolving credit facility (RCF) represents a significant milestone for Bolt, providing a robust financial foundation to fuel the company's diverse array of corporate initiatives. This substantial credit line is strategically earmarked to serve Bolt's overarching corporate objectives and support its operational endeavors across various fronts.

By securing this substantial credit facility, Bolt fortifies its financial position and enhances its capability to execute on its strategic plans with agility and confidence. The RCF's versatile nature allows Bolt to deploy funds for a broad spectrum of general corporate purposes, ranging from capital investments and operational expenses to potential strategic initiatives and growth opportunities.

Despite the considerable financial firepower at its disposal, Bolt's prudent approach to liquidity management is evident in its decision to keep the facility currently undrawn. This deliberate strategy underscores Bolt's commitment to maintaining a balanced financial profile, ensuring optimal capital allocation, and preserving financial flexibility to navigate evolving market dynamics.As Bolt continues to chart its course as a leading player in the global mobility landscape, the availability of this credit facility positions the company favorably to capitalize on emerging opportunities, drive innovation, and further consolidate its market position across its expansive footprint spanning Europe and Africa.