Perpetual Next Completes €35M Bond Redemption Early
- Perpetual Next redeems €35 million in bonds, partially early.
- The company plans for institutional growth capital inflow in 2026.
- Bonds had a coupon rate starting at 6.5%.
- Biomethanol production is expanding at four sites in Europe and the U.S.
Bond Redemption
Perpetual Next N.V., a sustainable commodities company based in Amsterdam, has fully redeemed its remaining bonds, with a portion of the debt being repaid early. This move is part of the company's ongoing debt reduction program, aligning with its strategy to prepare for the planned inflow of institutional growth capital in 2026. The outstanding bond debt in 2022 was approximately €35 million, and the redeemed bonds had a coupon rate starting at 6.5%.
Growth Capital
In October, Perpetual Next engaged ING Corporate Finance to raise growth capital, following a successful transaction earlier in the year. This step is crucial for the company's financial strategy as it aims to enter the new year without any bond debt and minimal external financing.
Biomethanol Production
Perpetual Next is expanding its biomethanol production in response to the growing global demand. The company is implementing its Biomethanol Blueprint at four production sites across Europe and the United States. This blueprint facilitates rapid, large-scale production, enabling a swift scale-up to commercial levels.
Source: Perpetual Next