Highlight 24 September 2019

Krogerus advises Cargotec on the offering and listing of two bonds totalling EUR 250 million

Krogerus advised Cargotec on the simultaneous issue of two unsecured bonds in the total amount of EUR 250 million. The first approximately 5.5-year bond of EUR 100 million matures on 23 January 2025 and carries a fixed annual interest of 1.250 per cent, whereas the other 7-year bond of EUR 150 million matures on 23 September 2026 and carries a fixed annual interest of 1.625 per cent.

Trading in the new bonds on Nasdaq Helsinki commenced on 24 September 2019. The listing prospectuses were the first debt prospectuses approved in Finland under the new EU Prospectus Regulation which entered into full force in July 2019.

Cargotec is a leading provider of cargo handling solutions and services. Cargotec's sales in 2018 totalled approximately EUR 3.3 billion and it employs around 12,000 people.

The Krogerus team, led by partner Tom Fagernäs, included senior associate Paul Raade and associate Joel Kanervo.

Similar highlights