Scandi Standard Agrees on SEK 3.2 Billion Sustainability-Linked Bank Loan

We were involved in the refinancing arrangement of Scandi Standard AB (publ), a company listed in Sweden. Scandi Standard has reached an agreement with a syndicate of banks on the main terms and conditions of a new sustainability-linked bank loan totaling approximately SEK 3.2 billion.

In addition to the existing financiers—ABN AMRO Bank N.V., Rabobank U.A., and DNB Sweden AB—the financing arrangement introduced a new lender, The Governor and Company Bank of Ireland.

Our role included a comprehensive review of the financing agreement from the perspective of Finnish law, as well as the drafting of collateral arrangement documents for Scandi Standard’s Finnish subsidiary, Naapurin Maalaiskana Oy.

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 well-known brands such as Kronfågel, Danpo, Den Stolte Hane, Manor Farm, and Naapurin Maalaiskana.

The assignment was led by Responsible Partner Henrik Sandholm, with support from Specialist Counsel Leena Pyymäki.

🔗 Read more in Scandi Standard’s press release.