Family entertainment parks' ADVENTICA bond issue of 2,3 M EUR successfully distributed
The bonds were purchased by 240 investors, with an average investment amount of more than 9 500 euros.
The investment into bonds platform BeMyBond has distributed a bond issue worth 2,3 million euros for ADVENTICA Group’s family entertainment parks. The bonds were purchased by 240 investors, with an average investment amount of more than 9 500 euros. The annual interest rate of the bonds is 9%, and the term is 2 years.
The funds raised during the bond issue will be used to develop new family entertainment parks in Latvia and Germany, as well as to refinance existing liabilities. Currently, ADVENTICA Group is intensively expanding its operations in Europe – it is planned that by the end of 2025 the number of managed entertainment parks will double, i.e. increase to eight. The opening of the fifth park in Germany is scheduled for the first half of 2025, and the park is currently being equipped. In addition, in 2025, ADVENTICA Group plans to open two more parks in Latvia and one in Moldova.
‘We are happy to see the confidence investors have shown in ADVENTICA bonds and the financial sustainability and prospects of our group. I hope that our bond issue will pave the way for other Lithuanian non-real estate businesses to finance their international goals through bonds with the help of retail investors,’ says Andrius Kaikaris, the CEO of ADVENTICA.
‘We believe that we have offered you a good investment opportunity. Although ADVENTICA may be less known beyond the family-oriented people, we see substantial growth potential for the brand across Europe. It is worth noting that although the market has received the new issuer positively, investors still have many questions about non-RE bonds, so we plan to continue educating the market on these issues,’ claims Indrė Dargytė, the CEO of BeMyBond.
