Versowood creates a stronger financial position by renegotiating its €80m senior debt portfolio
Undisclosed
Adviser to Versowood
Industrial & Chemicals
Finland
We have advised Versowood to create a stronger financial position through renegotiating its €80m senior debt portfolio.
Versowood is the largest family-owned forestry company in Finland with around 800 employees and an annual turnover of approximately €400m. Versowood operates with business areas in sawn timber, glulam products, wood packaging, infra, and energy.
Coronavirus and recent strikes in the forest industry sector had a significant impact on the overall market conditions. We wanted to be far-sighted and reach a funding solution that bolsters our ongoing operations. We are pleased with the negotiation outcome that was achieved with Nordhaven’s extensive support throughout the process.
Many companies will need changes to their current financing structure and terms in the near future. 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.
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