Avance advises OP Corporate Bank in unsecured financing arrangements of Lassila & Tikanoja. The EUR 35 million term loan and EUR 15 million term loan and revolving credit facilities are part of Lassila & Tikanoja’s refinancing of its long-term debt financing.
The new financing arrangements with OP Corporate Bank also include a EUR 80 million back-up bridge facility and an uncommitted accordion facility option relating to Lassila & Tikanoja’s planned partial demerger in which its Circular Economy business is separated into a new publicly listed company.