Cramo – Refinancing of Long-Term Credit Agreements Totalling EUR 375 Million

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We advised Cramo Plc when it refinanced its long-term credit agreements totalling EUR 375 million. The new unsecured syndicated loan matures on 1 January 2020 with a one year extension option. The loan consists of a EUR 125 million term loan and a EUR 250 million revolving credit facility. The loan has one financial covenant: the Net Debt to EBITDA ratio.

The following five banks participated as Mandated Lead Arrangers in the transaction: DNB, Nordea,
Pohjola Bank, SEB and Swedbank. Pohjola Bank acted as the coordinator of the transaction on behalf of Cramo Plc.