fac-056 · Term loan

Vireo Logistics BV

Facility

Term loan

Currency: EUR
Commitment: €33.3m
Drawn: €28.9m
Undrawn: €4.4m
EAD: €31.1m
CCF: 50%
Margin: 295 bps
Maturity: 12 April 2030
Tenor: 48 months

Covenant monitoring

0 breached, 0 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 3.61 Current: 3.16 Next test: 30 Jun 2026 Quarterly

ICR

Direction: Minimum Threshold: 3.33 Current: 4.23 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

EUR

€38m

35%

€24.5m

19 Jul 2024

Independent appraisal

Total

€24.5m

Tenor

48 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€33.3m

€28.9m

€4.4m

n/a

87%

2026-Q2

€31.2m

€27.1m

€4.1m

-€1.8m

87%

2026-Q3

€29.1m

€25.3m

€3.8m

-€1.8m

87%

2026-Q4

€27.1m

€23.5m

€3.6m

-€1.8m

87%

2027-Q1

€25m

€21.7m

€3.3m

-€1.8m

87%

2027-Q2

€22.9m

€19.9m

€3m

-€1.8m

87%

2029-Q4

€2.1m

€1.8m

€274.7k

-€18.1m

87%

2030-Q1

€0

-€1.8m