Krogerus advises HKScan on its EUR 100 million senior unsecured bond issue
November, 2014 - Helsinki, Finland
Krogerus advised HKScan Corporation on its issue of a EUR 100 million senior unsecured bond. The five-year bond matures on 21 November 2019 and carries a fixed annual interest of 3.625%.
On 21 November 2014, the Finnish Financial Supervisory Authority approved the listing prospectus of the bond. The bond is expected to be admitted for trading on Nasdaq Helsinki as of 26 November.
HKScan intends to use the proceeds for repayment, in part, of existing debt in order to lengthen its debt maturity profile and for general corporate purposes.
HKScan is a leading Nordic meat company whose shares trade on Nasdaq Helsinki. It has annual revenue of roughly EUR 2.1 billion and employs some 7,700 persons.
The Krogerus team, led by partner Tom Fagernäs, included partner Päivi Toivari, senior associate Heta Rönkkö and associate Taru Kovanen.
About Krogerus:
Krogerus is one of the largest corporate law firms in Finland. Our practice covers a broad spectrum of transactional, dispute resolution and regulatory matters. The firm has a particularly strong focus in the energy, finance, food and beverage, healthcare, real estate, technology and telecommunications sectors. We are regularly retained in some of the most challenging and high-profile assignments in the market. Find out more at www.krogerus.com.
