Avance advised Elenia Oy in connection with its new syndicated credit facilities totaling EUR 470 million with a syndicate of eight banks. The credit facilities replace similar credit facilities signed in December 2013. The lenders in the new syndicate are BNP Paribas, Crédit Agricole Corporate and Investment Bank, Danske Bank, Royal Bank of Canada, Royal Bank of Scotland, Skandinaviska Enskilda Banken, Siemens Bank and Sumitomo Mitsui Banking Corporation.
Elenia Oy is the second largest electricity distribution network operator in Finland with operations in more than 100 cities and municipalities and approximately 67 600 km of distribution network. In 2015, total electricity distribution volume was 5,994GWh. Elenia group also includes Elenia Lämpö Oy which is the second largest private seller of district heating in Finland and Elenia Palvelut Oy which operates the customer service business.