Nordic Paper has secured €340 million in long-term financing through an agreement with a syndicate of financial institutions.
The package includes a €275 million term loan B with a seven-year maturity and a €65 million revolving credit facility over six and a half years.
Proceeds will refinance existing debt, with one-off non-cash costs of SEK 37 million expected in Q2 2025 results. Loan margins are Euribor +500 bps for the term loan and Euribor +375 bps for the credit facility, with step-downs linked to leverage.
Santander served as financial advisor, with Santander and J.P. Morgan as Joint Physical Bookrunners and Standard Chartered as Passive Joint Bookrunner. Legal support came from Kirkland & Ellis and Advokatfirman Schjødt.
Nordic Paper operates five mills in Scandinavia and Canada and serves over 80 countries.
