Estonian unicorn Bolt secures a €220M syndicated revolving credit facility

Tallinn-based unicorn Bolt has secured a €220M syndicated revolving credit facility (RCF) from British bank Barclays, bank BNP Paribas, US financial institutions Citi and JPMorgan, German investment company Deutsche Bank, New York-based financial services firm Goldman Sachs, banks LHV Pank and Estonian Luminor.

The credit facility, intended for general corporate purposes, was upsized during syndication and was oversubscribed. According to Bolt's founder Markus Villig, the company has secured very attractive terms in this deal. In addition, this financing will provide the company with additional flexibility as it moves towards an IPO. 

Founded in Tallinn in 2013 by Markus Villig, Martin Villig, and Oliver Leisalu, Bolt offers ride-hailing services, shared cars and scooters, as well as, food and grocery delivery. It has 150M people in its user base and it operates in 45 countries across Europe and Africa.