Donkey Republic secures DKK 61M in debt facility to fuel further growth and to refinance existing debt, with improved terms
Investor news no. 01-2025
Donkey Republic successfully signed a debt facility today totaling 61 million DKK with a consortium of lenders including EIFO (Danmarks Eksport- og Investeringsfond), NEFCO (Nordic Environment Finance Corporation), and Sydbank. This facility, secured on market terms, will fuel strategic investments, primarily focused on expanding its bike fleet in 2025 and enable Donkey Republic to refinance existing loans with improved conditions and.
This financing marks an important milestone for Donkey Republic and demonstrates strong confidence in the company's significant improvements in operating results. The inclusion of Sydbank, a leading Danish commercial lender, that also has a subsidiary in Germany, further underscores the strength of Donkey Republic's business model and its potential for long-term success beyond 2025.
Approximately 60% is planned for growth investments, the remaining 40% for refinancing.
"We are thrilled to have secured this significant funding from a consortium of strong financial partners, including Sydbank, a leading commercial lender in Denmark," says Christian Dufft, CFO of Donkey Republic. "This investment is a testament to our robust business model and the confidence our partners have in our ability to deliver sustainable and profitable growth. This debt facility, combined with our equity base, provides us with the financial flexibility to pursue our ambitious growth plans. We believe this balanced approach to financing will continue to serve us well in the future."
“The consortium of financial players matches our company profile of sustainability, our market growth and in positioning the company for sustainable success” says Niels Henrik Rasmussen, CEO of Donkey Republic. “The loans will support growth of our revenues increasing over the coming years and also improve the business by replacing old more expensive loans. They match our profitable growth and limits diluting shareholders ownership and is thereby supportive to shareholder value”.
Donkey Republic remains committed to providing convenient, affordable, and environmentally friendly mobility solutions for urban residents across Europe. With this new funding, the company is well-positioned to accelerate its expansion and further contribute to creating more livable and sustainable cities.
CONTACT INFORMATION
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.invest.donkey.bike
Niels Henrik Rasmussen, CEO
investor@donkeyrepublic.com
Certified Adviser
Grant Thornton Denmark,
Direct (+45) 35 27 50 11
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About Donkey Republic
Founded in 2014, Donkey Republic is a Danish purpose driven impact company active in the micro mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.
Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city’s public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people's health & well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.
Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing.