Mandate

Vinge advises Scandic in connection with its SEK 3.45 billion credit facilities

February 22, 2023 Banking and Finance

Vinge has advised Scandic Hotels Group AB (publ) in connection with the entry into of a SEK 3,450,000,000 facilities agreement.

The facilities agreement matures on 31 December 2025 and enables Scandic to, subject to certain conditions, refinance all or part of its outstanding convertible loan.

Scandic is the largest hotel company in the Nordic countries with about 58,000 rooms at approximately 280 hotels in operation and under development. Scandic is listed on Nasdaq Stockholm.

Vinge’s team consisted of Louise Brorsson Salomon, Arvid Weimers and Calle Tengwall Pagels.

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