OK Mobility, a mobility company headquartered in Mallorca, has completed the refinancing of approximately 300 million euros of bank debt, strengthening its financial structure and its financing capacity and extending the maturity schedule until 2033.
In addition to this transaction, additional financing of 130 million euros has been secured through an agreement signed by funds managed by Cheyne Capital, with the aim of driving the fleet renewal.
The transaction has been unanimously approved by a consortium of ten financial institutions led by Santander, CaixaBank, and BBVA, and provides for the restructuring of debt, including extension agreements of up to four years for the majority of the financing.
“We are grateful for the trust and support of all the financial institutions that partner with OK Mobility. This transaction provides us with greater financial visibility in the medium and long term, while also giving us more flexibility to continuously renew our fleet,” said OK Mobility’s Corporate Director, Joaquim Monclús.
As for the additional financing injection, this transaction has been structured as an asset-backed loan for the acquisition of the fleet.
Through these transactions, Othman Ktiri‘s company is consolidating a financial structure aligned with the implementation of its strategic plan, which focuses on drivers such as consolidating its own operations in strategic southern European markets, expansion through franchising, organizational optimization, and accelerating digital transformation.
