Scandi Standard’s €198.6 Million Sustainability Linked Bank Financing

Eversheds Sutherland and Gernandt & Danielsson advised Scandi Standard on the deal.

Scandi Standard has agreed on the main terms relating to sustainability linked credit facilities totalling MSEK 2,090. The Facilities are subject to signing of a facilities agreement.

The purpose of the Facilities is to achieve an early refinancing of the group’s existing bank financing which is maturing in Q4 2023. The Facilities will secure a robust, flexible and long-term financing tailored to match the group’s ambitions for organic and strategic growth. The Facilities comprise a MSEK 1,340 multicurrency term loan facility and a MSEK 750 multicurrency revolving loan facility.

Scandi Standard is a leading producer of chicken-based food products in the Nordic countries and Ireland. The company produces, markets and sells ready-made, chilled and frozen products under the well-known brands Kronfågel, Danpo, Den Stolte Hane, Manor Farm and Naapurin Maalaiskana.

The Eversheds Sutherland team included Partner Merja Blankenstein (Picture) and Specialist Counsel Leena Pyymäki.

The Gernandt & Danielsson team consisted of partner Björn Svensson and associate Jakob Forsell.

Involved fees earner: Merja Blankenstein – Eversheds Sutherland; Leena Pyymäki – Eversheds Sutherland; Jakob Forsell – Gernandt & Danielsson Advokatbyrå KB; Björn Svensson – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Eversheds Sutherland; Gernandt & Danielsson Advokatbyrå KB;

Clients: Scandi Standard;

Federica Tiefenthaler

Author: Federica Tiefenthaler