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Banking & Finance, Capital Markets / 23 May 2014

Borenius advised Helsinki-based Paroc Group Oy in connection with an offering of EUR 430 million high-yield notes to international investors as part of Paroc Group Oy’’s refinancing

We advised Helsinki-based Paroc Group Oy in connection with an offering of EUR 430 million high-yield notes to international investors as part of Paroc Group Oy’s refinancing. Borenius acted as the Finnish, Russian and Lithuanian counsel to Paroc Group Oy. Cravath, Swaine & Moore LLP advised Paroc Group Oy with respect to US law.

We also assisted Paroc Group Oy on the Finnish, Russian and Lithuanian law aspects of a new EUR 60 million revolving credit facility. English law advice to Paroc Group Oy was provided by Macfarlanes LLP.

Our high-yield team was led by Juha Koponen (Partner/Capital Markets) while Andrei Aganimov (Partner/Finance) led our bank finance team. Managing Partner Jari Vikiö oversaw the coordination of the refinancing arrangement.

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