Luxembourg, 19 January 2023

Vivion refinances UK secured debt and further strengthens balance sheet

Vivion Investments S.à r.l. (“Vivion” or the “Company”) today announced the successful refinancing of a secured debt facility associated with part of its UK portfolio. The Company’s outstanding facility of GBP 272 million (as of June 2022) has been fully prepaid using its own liquidity and a new five-year, GBP 200 million, senior secured facility provided by one of the largest commercial lenders in the UK.

Interest on the loan is fixed for the term at a 3.95% margin, with a bullet maturity due in October 2027. The loan improves Vivion’s debt maturity profile and further reduces Vivion’s Gross Debt.

Vivion is also announcing that in December 2022 it received EUR 161 million as part of the deferred payment of EUR 212 million resulting from its disposal of non-traded bonds at the beginning of 2022. The remaining EUR 50 million is due to be paid to the Company in the first quarter of 2023. The payment of EUR 161 million further bolsters Vivion’s already strong balance sheet, which comprised EUR 722 million in cash and EUR 3.1 billion in unencumbered assets, as of 30 June 2022. EUR 84.3 million remains on the Company’s authorized bond buyback.

Sascha Hettrich, Chief Executive Officer of Vivion, said: “Following a disciplined and thorough process, we are pleased to announce this refinancing, which is a testament to the strength of Vivion’s relationships with secured lenders, as well as the confidence those parties have in our portfolio. This refinancing – together with the funds from the bond disposal –strengthen Vivion’s already robust balance sheet, providing additional cash to serve as a liquidity cushion and enhance our solid financial position.”

Contact for more Information

Daan Bras – Investor Relations
T +31 652 0900 26

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