Neste’s €500 Million Green Term Loan

Castrén & Snellman advised Neste on the deal. Borenius advised Danske Bank A/S and OP Corporate Bank.

Neste signed a EUR 500 million green term loan agreement. The proceeds of the loan will be used to finance eligible assets and projects in accordance with Neste’s Green Finance Framework. The loan has a tenor of 3 years with two 1-year extension options.

Danske Bank A/S and OP Corporate Bank plc acted as coordinating mandated lead arrangers and bookrunners of the loan.

Neste established the Green Finance Framework in 2021 to further integrate the company’s sustainability ambitions into its financing. The Green Finance Framework is designed to support financing of investments into the development, operations, maintenance and expansion of the company’s renewable and circular solutions with the objective to mitigate climate change globally by reducing greenhouse gas emissions.

The Castrén & Snellman team included Tero Tuomisto (Picture), Mariella Både-Landell and Joel Tevalin.

The Borenius team included Riikka Eronen, Miranna Kuivas and Saara Mankki.

Involved fees earner: Riikka Eronen – Borenius Attorneys Ltd; Miranna Kuivas – Borenius Attorneys Ltd; Saara Mankki – Borenius Attorneys Ltd; Mariella Både-Landell – Castrén & Snellman; Joel Tevalin – Castrén & Snellman; Tero Tuomisto – Castrén & Snellman;

Law Firms: Borenius Attorneys Ltd; Castrén & Snellman;

Clients: Danske Bank; Neste; OP Corporate Bank plc;

Federica Tiefenthaler

Author: Federica Tiefenthaler