GVB
Extend and increase the Revolving Credit Facility
- With almost 125 years of experience, GVB is the public transport operator in the metropolitan area of Amsterdam. It plays an essential role in the urban transport system with its trams, busses, metro’s, and ferries. As its facilities were nearing the original maturity date and GVB faces a significant CAPEX agenda in the coming years, Avaxa was engaged by GVB in November 2023 to map the various financing options available for decision-making purposes by the Management Board and Supervisory Board;
- Subsequently, based on our financing advice Avaxa assisted GVB in extending and increasing its Revolving Credit Facility with its existing lenders;
- Avaxa supported GVB in preparing an information package including a bank presentation, financial model and Request for Proposal and negotiating the amended terms in the documentation;
- The increase and extension successfully closed in July 2024. With this transaction, the new financing package is sufficient to support GVB’s significant investment agenda for the coming years.
