London — Mayer Brown has advised Preem AB (publ) in connection with the entry into an approximately US$ 300 million term facility with AB Svensk Exportkredit (the SEK Facility) and an amendment and restatement of its up to US$1.6 billion multi-currency revolving borrowing base facility (the Borrowing Base Facility), as well as Preem Holding AB (publ) in connection with its debut offering of €340 million of Senior Notes due 2027, in accordance with the Preem Green Financing Framework. The green high yield bonds will be listed on The International Stock Exchange.
Preem, headquartered in Stockholm, is Sweden’s largest fuel company.
The Mayer Brown team on the SEK Facility and the Borrowing Base Facility was led by Banking & Finance partner Andy Kolacki and included partner Meredith Campanale, senior associate Ann Wennerlund and associate Kirstin Swanepoel (all London). The cross-border high yield bond team was led by Capital Markets & Leveraged Finance partner Bernd Bohr and Banking & Finance partner Robert Flanigan (both London) and in included, among others, Banking & Finance associate Whitney Joseph (London), Corporate & Securities associate Inga Rupp, Intellectual Property senior associate Stephanie Pfaff and associate Maximilian Kücking (all Frankfurt) as well as Tax Transactions & Consulting partner Jared Goldberger and Tax Transactions & Consulting counsel David Goett (both New York).