Borenius advised the finance parties on Mehiläinen’s EUR 1.09 billion notes offering for financing the acquisition of Regina Maria and MediGroup

We acted as Finnish legal counsel to the finance parties in connection with the financing of Mehiläinen’s acquisition of Regina Maria in Romania and MediGroup in Serbia.

The acquisition financing consisted of (i) the offering of EUR 350 million 3.375% senior secured floating rate notes due 2032, (ii) the offering of EUR 740 million 5.125% senior secured fixed rate notes due 2032, (iii) the repricing of Mehiläinen’s existing EUR 1.86 billion term loan B facility and (iv) the EUR 150 million upsizing of Mehiläinen’s existing revolving credit facility.

The new EUR 350 million senior secured floating rate notes and 740 million senior secured fixed rate notes were issued in a private offering to qualified institutional buyers pursuant to Rule 144A and Regulation S under the US Securities Act and admitted to trading on the Official List of The International Stock Exchange.

Mehiläinen is the largest private healthcare and social care provider in Finland with a presence in Finland, Sweden, Estonia, Germany and Lithuania.