Adevinta holds as of June 30th, 2020 net interest-bearing debt of €114 million. The Net Debt /EBITDA ratio stands at 0.6.
Adevinta has refinanced its Revolving Credit Facility of EUR 300 million with €600 million multi-currency Term Loan and Revolving Credit Facilities, which took effect in February 2020. The Facilities include an accordion increase option, which provides flexibility for the parties to agree an increased size by an additional €120 million during the term of the Facilities. The €400 million Revolving Credit Facility has a tenor of five years with two one-year extension options, whilst the €200 million Term Loan component has a tenor of three years.
In April 2020, Adevinta raised bilateral facilities for €225 million to support the acquisition of Grupo Zap.
As of June 30th, 2020 the €400 million RCF remains undrawn