Krogerus advised Cargotec Corporation on the simultaneous issue of two unsecured bonds in the total amount of EUR 250 million. The first 5-year bond in the amount of EUR 150 million matures on 28 March 2022 and carries a fixed annual interest of 1.75 per cent, while the other 7-year bond in the amount of EUR 100 million matures on 28 March 2024 and carries a fixed annual interest of 2.375 per cent.
Cargotec will apply for the listing of the bonds on Nasdaq Helsinki.
Cargotec is a leading provider of cargo and load handling solutions. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people.
The Krogerus team, led by partner Tom Fagernäs, included associates Taru Kovanen and Linda Hellstén.