fac-054 · Term loan

Vireo Logistics BV

Facility

Term loan

Currency: EUR
Commitment: €20.9m
Drawn: €18.2m
Undrawn: €2.7m
EAD: €19.6m
CCF: 50%
Margin: 255 bps
Maturity: 22 November 2032
Tenor: 79 months

Covenant monitoring

0 breached, 1 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 3.5 Current: 3.21 Next test: 30 Jun 2026Quarterly

DSCR

Direction: Minimum Threshold: 1.24 Current: 1.46 Next test: 30 Jun 2026Quarterly

ICR

Direction: Minimum Threshold: 2.36 Current: 3.35 Next test: 30 Jun 2026Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

EUR

€19m

42%

€11m

21 Sept 2025

Independent appraisal

Equipment

EUR

€13.6m

48%

€7.1m

21 Sept 2025

Internal model

Total

€18.1m

Tenor

79 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€20.9m

€18.2m

€2.7m

n/a

87%

2026-Q2

€20.1m

€17.5m

€2.6m

-€674.2k

87%

2026-Q3

€19.4m

€16.9m

€2.5m

-€674.2k

87%

2026-Q4

€18.6m

€16.2m

€2.4m

-€674.2k

87%

2027-Q1

€17.8m

€15.5m

€2.3m

-€674.2k

87%

2027-Q2

€17m

€14.8m

€2.2m

-€674.2k

87%

2032-Q3

€774.1k

€674.2k

€99.9k

-€14.2m

87%

2032-Q4

€0

-€674.2k