We have advised Pihlajalinna Plc on its debt refinancing with a new unsecured €170m sustainability-linked loan.
Pihlajalinna Plc is one of the largest private social and healthcare services providers in Finland with €720m revenue in 2023. The company's customers include private individuals, businesses, insurance companies, and public sector entities such as wellbeing services counties. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy.
The new syndicated loan facilities agreement Pihlajalinna signed on 18 June 2024 includes a EUR €110m term loan for refinancing the group’s existing indebtedness, and a revolving credit facility of €60m for general corporate purposes. The three-year agreement with two one-year extension options includes the following sustainability targets: patient satisfaction, access to surgical treatment, and employee satisfaction.
