OP Corporate Bank
Financing Arrangement for Veho
We assisted OP Corporate Bank plc in a EUR 182,100,000 and SEK 380,000,000 syndicated financing arrangement for Veho, a leading Finnish car import and retail company with operations in Finland, Sweden and the Baltics.
OP Corporate Bank plc acted as coordinator, bookrunner, agent and security agent in this financing arrangement. The mandated lead arrangers in the syndicate were OP Corporate Bank plc, Nordea Bank Abp and Danske Bank A/S and lenders for the facilities were OP Corporate Bank plc, Nordea Bank Abp and Danske Bank A/S, Finland Branch.
The financing arrangement was carried out for the purpose of, among other things, refinancing Veho’s existing facilities agreement and financing the acquisition of Silberauto, the largest company in the Baltic automotive sector.