Fastned starts subscription to new 5-year bonds with 5.5% interest
Amsterdam, May 9 2023 - Fastned, the European fast charging company, will today start subscription to a new bond issue. Proceeds of the 5-year bonds will be used to finance further network expansion and general corporate purposes. Newly introduced European regulations supporting the transition to electric driving will create even more opportunity for Fastned to grow its network across Europe. The new bonds are available in units of €1,000 each and will pay 5.5% interest per year.
Recently introduced European regulations supporting the transition to electric driving is likely to increase the number of tenders for fast charging infrastructure on European motorways. Being one of the most experienced players in the European industry, offering one of the best charging concepts, Fastned is well-positioned to continue its high win rate for such tenders.
Fastned’s great charging concept and high-traffic locations have been key to its success for the last eleven years. Since 2012, Fastned has built a network of more than 250 fast charging stations for electric vehicles in six European countries, increasing the speed of its network expansion year by year.
Fastned aims to build a network of 1,000 fast charging stations in Europe by 2030.
Holders of Fastned bonds bought before January 2020 can exchange them for new bonds. Subscription to the bond issue starts today at 12:00 p.m. CET via the Fastned website and ends at 12:00 p.m. CET on 12 June 2023. More information can be found in the prospectus, which is available here.
For more information about our achievements in 2022, find Fastned’s 2022 Annual Report here. Looking ahead at 2023, Fastned expects to be FY2023 Underlying company EBITDA positive. For more information on our profitability expectation for 2023, read our guidance in our 1Q23 Trading Update.
Please note that elements of this press release contain or may contain information about Fastned B.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014 (Market Abuse Regulation). Fastned’s Consolidated Annual Accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (“IFRS‐EU”) and with Part 9 of Book 2 of the Dutch Civil Code. All figures in this document are unaudited. Small differences are possible in the tables due to rounding or human mistakes. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward‐looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements. Any forward‐looking statements made by or on behalf of Fastned B.V. speak only as of the date they are made, and Fastned B.V. assumes no obligation to publicly update or revise any forward‐looking statements, whether as a result of new information or for any other reason. To the extent available, the industry, market and competitive position data contained in the Information come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.
Fastned has been developing fast charging infrastructure for electric vehicles across Europe since 2012. Fastned’s mission is to accelerate the transition to sustainable mobility by giving freedom to electric drivers. Based in Amsterdam, the company has built more than 250 fast charging stations in the Netherlands, Germany, United Kingdom, Belgium, France and Switzerland. The company specialises in developing and operating fast charging infrastructure where drivers can charge their electric vehicle with up to 300 km of range in 15 minutes before continuing their journey. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST).