Clearwater advises Pölkky Oy on its five-year €77m syndicated loan

Transaction

Five-year €77m syndicated loan for Pölkky Oy

Debt Advisory

Undisclosed

Role

Adviser to Pölkky Oy on its five-year €77m syndicated loan

Sector

Industrial & Chemicals

Region

Finland

We have advised Pölkky Oy on its five-year €77m syndicated loan, €18m was used for refinancing the existing debt and the remaining €59m facilities amount is available for capital expenditure and working capital.

Pölkky is Northern Finland’s largest private wood processing company, with around 420 employees and an annual turnover of approximately €200m. The company was founded in 1968 and is currently held by the third generation of the Virranniemi family.

This financing enables us to execute our €92m investment program until 2024, in line with our strategy. We are very satisfied with both the outcome and Clearwater's excellent work. Nordhaven’s team managed the whole process from planning to execution in a highly professional manner. We can highly recommend Nordhaven.

Petteri Virranniemi, CEO of Pölkky Oy & Tuomas Anttila, CFO of Pölkky Oy

It was a pleasure to support Pölkky on their ambitious investment program. As an independent and unconflicted advisor we can be instrumental in arranging a balanced financing package that works for the owners, the businesses, and the financiers.
Kalle Helander, Partner, Clearwater