Ylva receives EUR 205 million syndicated loan

Avance advises Ylva, the asset management company of the Student Union of the University of Helsinki, in connection with EUR 205 million syndicated loan from OP Corporate Bank, Nordea, Aktia and LocalTapiola. The five-year loan consists of refinancing of old bank loans and investment loans. The financing arrangement enables Ylva to promote its strategic Grand Hansa hotel project in the centre of Helsinki and it also supports Ylva’s sustainability goals as the loan terms include an incentive for Ylva to achieve its goals in terms of carbon neutrality and employee satisfaction.