Merilampi represented Kesko Corporation in its EUR 300 million loan arrangement

We represented Kesko Corporation in its financing arrangement of EUR 300 million. The interest margin for the loan will increase or decrease depending on Kesko’s ability to meet the company’s sustainability targets. The syndicated loan agreement comprises a three-year EUR 300 million loan and an additional EUR 300 million conditional loan. OP Corporate Bank acted as the credit coordinator, with Nordea and SEB as other creditors. Furthermore, we represented Kesko when Kesko agreed with Handelsbanken on a Revolving Credit Facility of EUR 100 million linked to the same sustainability targets.