Allego expands €120 million senior debt facility, seeks new financing

By Marisa Wong

Los Angeles, July 28 – Allego NV expanded its existing €120 million senior debt facility through an accordion feature, increasing its access to growth capital by an additional €50 million through Societe Genreale, Kommunalkredit Austria and SCOR Investment Partners, according to a press release.

The senior debt facility expires in May 2026 based on original terms.

The company said it is pursuing a new expanded financing package and has mandated Societe Generale as structuring bank in connection with this financing.

“We expect this new bank facility to close in the fall of 2022,” chief financial officer Ton Louwers said in the release.

Allego is a pan-European public electric vehicle fast-charging network. The company is based in Arnhem, Netherlands.

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