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Vinge advises Polar Structure AB in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary

July 04, 2024 Real Estate and Construction Banking and Finance

Vinge advises Polar Structure AB, a leading developer and owner of infrastructure, in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary. The proceeds will be used to finance the construction of a railway outside Boden, which will connect the existing iron ore line (Sw. Malmbanan) with H2 Green Steel’s new facility for large-scale production of green steel at Boden Industrial Park.

The notes have a fixed interest rate, a tenor of 6.5 years and are secured by pledges in, inter alia, the railway assets.

Vinge’s team primarily consisted of Niclas Winnberg and Kristoffer Larson (Real Estate), Helena Göransson, Karl-Gustaw Tobola, and Josef Groow (Banking & Finance), and Filippa Bergkvist (Transaction Support).

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