AUTODOC, Europe's leading online retailer of automotive spare parts and accessories, announced today the successful placement of a EUR 530 million Term Loan B, marking its first entry into institutional debt markets. The transaction, which includes a EUR 50 million Revolving Credit Facility (RCF), is part of a broader effort to optimize the company's capital structure and support long-term growth ambitions.
The Term Loan B, which matures in seven years, carries an interest rate of EURIBOR +3.50% and has been rated Ba3 with stable outlook by Moody's and B+ with positive outlook by S&P. The RCF, with a tenor of 6.5 years and interest of EURIBOR +3.00%, will serve as a liquidity buffer. Proceeds from the Term Loan B will be used to repurchase shares held by entities owned or controlled by Apollo-managed funds in Autodoc SE, as well as to pay related fees and expenses.
Dmitri Zadorojnii, CEO of AUTODOC, described the transaction as a defining moment for the company. "By implementing this financing structure, we secured public debt supported by a wide range of institutional investors to enable the continued path towards new chapters in the capital markets in the future," he said. "We are entering this next chapter as a lean, highly focused, better prepared company and we are doing so with the balance sheet and governance framework to back it up."
Lennart Schmidt, CFO of AUTODOC, emphasized the strategic benefits. "AUTODOC's current net debt-free balance sheet provides a unique opportunity to introduce this market-tested financing framework. This transaction promotes long-term financial flexibility and accelerates shareholder returns without any equity dilution," he stated. "It also gives us a track record with institutional investors and strengthens our optionality for a potential IPO - which remains on our agenda, with timing dependent on market conditions."
The transaction also involves a streamlined corporate structure, with Autodoc Holding SE established as the Group's new parent company, wholly owned by AutoTech GmbH & Co. KG, the investment entity of AUTODOC's founders Alexej Erdle, Max Wegner, and Vitalij Kungel. This move aligns with AUTODOC's vision of becoming Europe's leading automotive aftermarket tech ecosystem, leveraging AI, data-driven decision-making, and enhanced digital experiences.
AUTODOC, founded in 2008 in Berlin, operates online shops in 27 European countries and employs over 5,500 people across 13 locations. In 2025, the company generated EUR 1.8 billion in sales revenue. The Term Loan B issuance marks a significant milestone in the company's capital markets journey, providing a strong foundation for future growth and potential public listing.
