ABG Sundal Collier acted as joint manager and bookrunner for Verve Group SE in connection with the EUR 500m senior unsecured bond issue

Verve Group SE (“Verve”), a global ad-tech company connecting advertisers to publishers in emerging channels, has successfully placed new senior unsecured bonds in the amount of EUR 500m under a framework of EUR 650m. The proceeds from the bond issue will be used to refinance Verve’s existing outstanding bonds and for general corporate purposes.
The transaction attracted strong demand from top-tier institutional investors, primarily in Europe and the United States, leading to substantial oversubscription. The high-quality investor base and strong demand enabled Verve to price the bonds at a coupon of 3mE + 4.0%, resulting in annual interest cost savings of approximately EUR 12.5m. This immediately enhances free cash flow and further strengthens the company’s financial flexibility.