Urban Health Farms Finance PLC, a UK-based company that invests in automated indoor vertical farms, is delighted to break out the news about its fundraising debut in global capital markets with fixed-rate Euro bonds issuance.
- Issuer: Urban Health Farms Finance PLC
- Issue Size: EUR (€) 10 million
- Coupon/Terms: 12% per annum, paid semi-annually
- Listing: Vienna Stock Exchange (pending)
- Status: Standalone
- Form: Global registered form
- Issue Date: 09 January 2023
- Maturity: 2028
- Early Redemption Option: 01 January 2026
- Clearing: Euroclear CREST
- Use of Proceeds: The borrower intends to use the proceeds for investing in the commercial expansion of indoor vertical farms throughout Europe.
Registered in England and Wales, UHF has launched a project that aims to capitalize on supplying innovative, turnkey solutions for building agricultural growth factories to produce high-quality food efficiently without sun, seasons, or soil.
UHF is entering a stage of growth that is rapid and ambitious. Phase 1 began with the commercial expansion of the UHF 1,100m2 facility in Venlo, the Netherlands, as well as setting up a campus for continuous education, training, and R&D onsite. Phase 1 will continue through 2023 with the setting up of more commercial facilities in the Netherlands, Spain, and Germany.
“We believe that vertical farming can provide an effective solution to critical food challenges such as bad crops due to drought, delays in processing times, supply chain stumbles, and other types. Our methods can maximize production, flavor, and nutrition with as little impact on the environment as possible, which will be crucial for businesses in a highly competitive food industry in the years to come”, says Bernard Sleijster, Founder and Managing Director of Urban Health Farms.
“Wolfline Capital is positive that the UHF project has enormous potential for delivering competitive advantage across the food industry business, and it will succeed in this endeavor to raise the needed funding in global capital markets”, says Nikita Dolgiy, Managing Partner of Wolfline Capital
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