News / 23 May 2014

Borenius Advised Paroc Group Oy on its EUR 430 Million High-Yield Bond Issuance and on a EUR 60 Million Revolving Credit Facility

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.

The following Borenius attorneys from our Helsinki, St. Petersburg and Vilnius offices assisted on the high-yield and bank financing matters:

Henri Isohanni (Capital Markets)
Elina Toivakainen (Capital Markets)
Johannes Ahti (Finance)
Jenna Saario (Finance)
Janne Juusela (Partner/Tax)
Einari Karhu (Tax)
Sanna Lindqvist (Tax)
Casper Herler (Partner/Environment)
Jessica Hellström (Environment)
Henna Lusenius (Environment)
Juha Maaperä (Environment)
Antti Husa (Insolvency)
Ilkka Aalto-Setälä (Partner/EU-Competition)
Jani Syrjänen (Partner/Employment)
Juhana Nevala (Employment)
Andreas Doepel (Partner/Corporate)
Evgenia Teterevkova (Specialist Partner/Corporate – St. Petersburg)
Ilya Kotov (Corporate – St. Petersburg)
Evaldas Valciukas (Partner/Corporate – Vilnius)
Jonas Kiauleikis (Corporate – Vilnius)
Nerijus Jurkus (Tax – Vilnius)
 

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