Nordhaven advised Pihlajalinna on its EUR 170 million sustainability-linked loan

24 june 2024

Nordhaven acted as financial advisor for Pihlajalinna Plc on its debt refinancing with a new unsecured EUR 170 million sustainability-linked loan.

Pihlajalinna Plc is one of the largest private social and healthcare services providers in Finland with EUR 720 million revenue in 2023. The Company's customers include private individuals, businesses, insurance companies and public sector entities such as wellbeing services counties. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. For more company information, please visit www.pihlajalinna.fi.

The new syndicated loan facilities agreement Pihlajalinna signed on 18 June 2024 includes a EUR 110 million term loan for refinancing the Group’s existing indebtedness, and a revolving credit facility of EUR 60 million for general corporate purposes. The 3-year agreement with two one-year extension options includes the following sustainability targets: patient satisfaction, access to surgical treatment, and employee satisfaction.

"We are satisfied with the achieved loan terms. Nordhaven’s work from project planning to final execution was valuable, and it significantly reduced our own workload. Nordhaven demonstrated high level of reliability, professionalism and proactivity – we are grateful for their support", says Tarja Rantala, CFO of Pihlajalinna.

"It was an honour to support Pihlajalinna in this transaction. We are grateful for Pihlajalinna's continuing trust in Nordhaven. The transaction is yet another proof of our Debt & Capital Advisory and healthcare sector capabilities", says Martti Purhonen, Partner at Nordhaven.

 

For more information, please contact:

Martti Purhonen, martti.purhonen@nordhaven.com, +358 45 616 1551

Ville Vaskonen, ville.vaskonen@nordhaven.com, +358 50 356 9390

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