Krogerus advised eQ Asset Management Ltd. on the refinancing of two of its special investment funds totalling EUR 915 million in aggregate

Krogerus advised eQ Asset Management Ltd. on the simultaneous refinancing of two of its special investment funds, eQ Social Infrastructure Fund and eQ Commercial Properties Fund, totalling EUR 915 million in aggregate.

eQ Social Infrastructure Fund secured new committed loan facilities in an aggregate amount of EUR 600 million, comprising three senior secured term loan facilities totalling EUR 550 million and a EUR 50 million revolving credit facility. The facilities were arranged by a consortium of seven financial institutions led by Nordea Bank Abp as Coordinating Mandated Lead Arranger and Bookrunner, with Danske Bank A/S, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) acting as Mandated Lead Arrangers, and Aktia Bank plc and Säästöpankki Helsinki Oy as participating lenders.

eQ Commercial Properties Fund secured new committed senior secured term loan facilities in an aggregate amount of EUR 315 million. The facilities were arranged by a consortium of six financial institutions led by Nordea Bank Abp as Coordinating Mandated Lead Arranger and Bookrunner, with OP Corporate Bank plc and Swedbank AB (publ) acting as Mandated Lead Arrangers, and Aktia Bank plc, Deutsche Pfandbriefbank AG and Säästöpankki Helsinki Oy as participating lenders.

Both facilities were executed as green loans and include uncommitted accordion facilities totalling EUR 155 million.

eQ is a Finnish asset management group whose assets under management total approximately EUR 14.1 billion. Its shares are listed on Nasdaq Helsinki.

The Krogerus team was led by Partner Heidi Kivenjuuri and Counsel Riina Toivonen-Vuong and they were primarily assisted by Counsel Joel Kanervo, Senior Associate Essi Hällström and Associates Roosa Järvi, Johannes Keskinen and Jessi Järvinen.