Highlight 25 March 2021

Krogerus advises HKScan on the voluntary tender offer for its outstanding bond and the offering and listing of a new bond

Krogerus advised HKScan Corporation on the voluntary tender offer for its EUR 135 million bond due in 2022, the outstanding value of which was EUR 125.44 million, and on the offering and listing of a new EUR 90 million senior unsecured bond.

The tender offer was successfully completed with valid tenders in the amount of approximately EUR 85.9 million being accepted. The newly issued four-year bond matures in 2025 and carries a fixed annual interest of 5.000%.

The new bond was admitted to trading on the official list of Nasdaq Helsinki on the back of a listing prospectus approved by the Finnish Financial Supervisory Authority.

HKScan is a Nordic food company whose shares trade on Nasdaq Helsinki. In 2020, HKScan's net sales amounted to approximately EUR 1.8 billion and it employed over 7,000 employees on average.

The Krogerus team, led by Partner Tom Fagernäs, included Partner Elect Paul Raade and Associates Joel Kanervo and Saana Ruottu (Capital Markets) and Partner Heidi Kivenjuuri and Associate Hanna Kim (Banking and Finance).

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