Nordic Paper has today entered into an agreement with a syndicate of financial institutions on a long term senior secured financing to Nordic Paper in the form of a EUR 275 m term loan B and a revolving credit facility of EUR 65 m.
The tenor is seven years for the term loan B and six and a half years for the revolving credit facility. The proceeds from the term loan B will be used to, among other things, refinance and discharge existing debt in the Nordic Paper group.
The margin for the term loan B is Euribor +500 bps and Euribor +375 bps for the revolving credit facility. Margins benefit from step downs linked to leverage. In connection with the early discharge of the existing financing, there are one-off costs, without cash flow effect, of SEK 37 m as capitalized costs associated with the existing financing are released. These one-off costs will be recognised as financial items in the result for the second quarter 2025.
Santander was financial advisor in the transaction. Santander and J.P. Morgan were Joint Physical Bookrunners with Standard Chartered as Passive Joint Bookrunner. Kirkland & Ellis and Advokatfirman Schjødt were legal advisors to Nordic Paper.
For further information, please contact:
Henrik Essén, Director of Sustainability and Communication
Phone: +46 730 573801
E-mail: henrik.essen@nordic-paper.com
This information is inside information that Nordic Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 20.35 CEST on 20 June 2025.