A&O Shearman advises on Nordic Paper’s EUR275 million long-term financing

Nordic Paper, a leading Scandinavian specialty paper producer, listed on Nasdaq Stockholm and with investment funds managed by Strategic Value Partners, LLC (SVP) as majority owner, has secured a comprehensive financing package from a syndicate of institutional investors of primary standing. The new facilities include a EUR275m term loan B and a EUR65m revolving credit facility. The proceeds from the term loan will be used, among other things, to refinance and discharge existing debt within the Nordic Paper group, thereby enhancing the company’s financial capacity and flexibility going forward.

Filippo Crosara, A&O Shearman lead partner, said: “We are delighted to have supported the lenders in the context of this transformational financing for Nordic Paper. This transaction provides the company with an enhanced capital structure, ideally positioning the business to pursue its strategic initiatives as it continues to grow. The successful completion of this cross-border financing underscores our team’s deep experience in advising leading industrial and finance clients on complex, multi-jurisdictional transactions.”

A&O Shearman advised the arrangers across all aspects of the financing, drawing on the strength of a multidisciplinary team. The deal team was led by debt finance partner Filippo Crosara and counsel Alex Charles and comprised associates Avani Maha, Craig Shackleton and trainee Deborah Tang. Partner John Kicken and senior associate Sampada Bannurmath provided advice from a high-yield perspective.