Krogerus advised HKScan Corporation on the voluntary tender offer for its EUR 100 million bond issued in 2014 and on the offering and listing of a new EUR 135 million senior unsecured bond.
The tender offer was successfully completed with an uptake of approximately EUR 66.5 million. The newly issued five-year bond matures in 2022 and carries a fixed annual interest of 2.625%.
The 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 leading Nordic meat company whose shares trade on Nasdaq Helsinki. It has annual net sales of roughly EUR 1.9 billion and employs some 7,300 persons.
The Krogerus team, led by partner Tom Fagernäs, included senior associate Paul Raade and associate Taru Kovanen.