Krogerus advised HKFoods (formerly HKScan) on a comprehensive refinancing transaction which consisted of a tender offer and a consent solicitation process regarding HKFoods' EUR 90 million bond due in 2025, issuance and listing of a new EUR 90 million senior secured bond on the official list of Nasdaq Helsinki as well as the refinancing of certain credit facilities.
The transaction follows HKFoods' business transformation into an entity focused on profitable growth in the Finnish market. HKFoods is a publicly listed company, and in 2023 its net sales from continuing operations totalled nearly EUR 1.2 billion.
The Krogerus team was led by Partner Tom Fagernäs, and he was assisted by Counsel Joel Kanervo, Senior Associate Olli Silvennoinen, Associates Manu Honkanen, Roosa Järvi and Markus Koivuranta (all Capital Markets and Public M&A) while Partner Heidi Kivenjuuri led the bank financing stream and was assisted by Senior Associate Riina Toivonen-Vuong and Associate Elina Terho (all Banking and Finance).
Team
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