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Recent Deals / 07.05.2020

Refinancing of Loimua

Waselius & Wist represented certain financial institutions in the Finnish law aspects of the refinancing of Loimua Oy (formerly known as Elenia Heat) with bank facilities and private placement debt, resulting in the establishment of a long-term, sustainable common terms platform with seven-year bank debt, as well as 10, 12 and 14-year private placement tranches, alongside a revolving capex facility, and a general corporate purposes revolving credit facility.

Loimua produces and distributes environmentally sustainable district heating, and is the second largest owner and operator of district heating networks across Finland with a total network length of almost 500 km serving 85,000 end-users.

Lawyers involved:

Timo Lehtimäki
Partner
Essi Hietaoja
Associate
Niko Markkanen
Associate
Tuurna