We have advised Pihlajalinna in the issuance of a €20m hybrid bond.
Pihlajalinna is one of the leading providers of private healtcare and wellbeing services in Finland. In 2022, Pihlajalinna had revenues of €690.5m and employed over 7,000 personnel. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy.
The hybrid bond is subordinated to the company's other debt obligations and will be treated as equity in Pihlajalinna's IFRS consolidated financial statements. The hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the current shareholders.
