United Group announced the successful refinancing of €600 million of senior notes due 2026 by securing €750 million of new senior notes. In addition to the refinancing of these notes, the funds raised from the offering will be used to repay the outstanding balance of the existing revolving senior secured credit facility, and following the refinancing, net leverage will remain unchanged at the company, the company noted. 

INCREASE IN REVENUE

"We are particularly pleased with the strong demand for the €750 million 7-year bonds. The transaction is aligned with our overall financial strategy, which aims to proactively cover short-term debt obligations and create a strong, long-term financing structure. This refinancing is supported by solid revenue and adjusted EBITDAal growth, with a compound annual growth rate (CAGR) of 28% and 25% respectively for the period 2015-2023, from a combination of organic growth and acquisitions. It also follows an oversubscribed refinancing cycle of €1.73 billion in January 2024," said United Group's Vice President Finance, Janez Zivko.