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Nordic Paper enters into long term financing agreement
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Nordic Paper has 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 Euro 275 million term loan B and a revolving credit facility of Euro 65 million.

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.

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.

Nordic Paper is a leading specialty paper producer with its base in Scandinavia.

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