Borenius advised PHM Group in connection with its EUR 1,000 million syndicated term loan B issuance

We acted as Finnish legal counsel to PHM Group in connection with its successful EUR 1,000 million syndicated term loan B issuance. The senior secured floating rate term loan B has a maturity of seven years and an initial margin of 3.50 per cent. The term loan B is complemented by a new EUR 150 million pari passu revolving credit facility with a maturity of six years.

Deutsche Bank Aktiengesellschaft, Morgan Stanley Bank AG and Nordea Bank Abp acted as lead bookrunners, and BNP Paribas Fortis SA/NV, Citibank, N.A., London Branch and Goldman Sachs Bank Europe SE acted as arrangers for the new term loan B.

PHM Group is a property services group that is present in Finland, Sweden, Norway, Denmark, Germany, and Switzerland. PHM Group is majority-owned by a Nordic private equity investor called Norvestor.