Sunborn Finance – Offering of Bonds Totalling EUR 50 Million

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We advised Sunborn Finance Oy as the issuer in connection with an offering of EUR 50,000,000 in senior secured high-yield bonds denominated in euro to domestic and other Nordic investors. DNB Bank ASA, Sweden Branch, and OP Corporate Bank plc acted as the joint lead managers in the transaction. Sunborn Finance Oy owns the Naantali and Ruissalo spa hotels and the transaction was instrumental for securing the continuous development of the spa hotels and reducing the financing costs of Sunborn Finance Oy. The bonds will be listed on Nasdaq Helsinki within 12 months from the issue date.