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.