28.9.2021

OP Corporate Bank – Refinancing Arrangement for Teknos Group

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We assisted OP Corporate Bank plc in a sustainability-linked financing arrangement for Teknos Group Oy. The facilities consist of a EUR 55,000,000 single currency term loan facility and a EUR 85,000,000 revolving credit loan facility. Both facilities are linked to several sustainability criteria and sustainability performance targets.

OP Corporate Bank plc acted as the agent, coordinator and sustainability coordinator in this financing arrangement. The mandated lead arrangers and bookrunners in the syndicate were OP Corporate Bank plc, Nordea Bank Abp, Danske Bank A/S and Skandinaviska Enskilda Banken AB (publ) and the lenders for the facilities were OP Corporate Bank plc, Nordea Bank Abp, Danske Bank A/S, Finland Branch and Skandinaviska Enskilda Banken AB (publ).

The financing arrangement was carried out for the purpose of, among other things, refinancing Teknos Group’s existing facilities agreement, general corporate and working capital purposes of the group and financing of acquisitions and capital expenditure.