IFR 03.7.2020

International Financing Review March 7 2020 67

LOANS EMEA

EUROPE/MIDDLE

EAST/AFRICA

FINLAND

TORNATOR GOES GREEN

Forestry group TORNATORûHASûSIGNEDûAûõMû

GREENûLOANûINûLINEûWITHûITSû'REENû&INANCEû

&RAMEWORKûTHATûWASûPUBLISHEDûINûAUTUMNû



4HEûlNANCINGûCOMPRISESûõMûOFûTERMû

LOANSûANDûAûõMûREVOLVINGûCREDITûFACILITYû

WITHûõMûOFûTHEûTOTALûLOANSûMATURINGûINû

ûANDûTHEûREMAININGûõMûMATURINGûINû



!LONGûWITHûTHEûNEWûLOANû4ORNATORûWILLû

INCREASEûTHEûSIZEûOFûITSûEXISTINGûCOMMERCIALû

PAPERûPROGRAMMEûTOûõMûFROMûõM

5NDERûTHEûCOMMERCIALûPAPERûPROGRAMMEû

4ORNATORûCANûISSUEûBOTHû'REENû&INANCEû

&RAMEWORKûCERTIlEDûGREENûCOMMERCIALû

CERTIlCATESûANDûORDINARYûCOMMERCIALûPAPERû

FORûGENERALûlNANCINGûPURPOSES

4HEûLOANûANDûINCREASEDûCOMMERCIALûPAPERû

PROGRAMMEûWASûARRANGEDûBYûSEB as

COORDINATORûOP Corporate BankûASûFACILITYûANDû

COLLATERALûAGENTûANDûDanske Bank

4ORNATORSû'REENû&INANCEû&RAMEWORKû

RECEIVEDûTHEûGREENESTûPOSSIBLEûRATINGûOFû

hDARKûGREENvûFROMûTHEû.ORWEGIANû#LIMATEû

2ESEARCHû)NSTITUTEû#)#%2/

4ORNATORûOWNSûFORESTSûINû&INLANDû%STONIAû

ANDû2OMANIA

GERMANY

WIELAND-WERKE SIGNS €1.4bn REFI

#OPPERûANDûCOPPERûALLOYûGROUPûWIELAND-

WERKEûHASûCLOSEDûAûõBNûSYNDICATEDûLOANûTOû

REPLACEûAûSYNDICATEDûLOANûANDûAûBRIDGEûLOANû

THATûBACKEDûTHEûCOMPANYSûACQUISITIONûOFû

53

BASEDû'LOBALû"RASSûû#OPPERû(OLDINGS

4HEûSELF

ARRANGEDûlNANCINGûCOMPRISESûAû

õMûlVE

YEARûTERMûLOANûAûõMûTHREE

YEARûACQUISITIONûTERMûLOANûANDûAûõMû

lVE

YEARûREVOLVINGûCREDITûFACILITY

BayernLBûLBBW ANDûUniCredit were

BOOKRUNNERSûANDûMANDATEDûLEADûARRANGERSû

ONûTHEûlNANCING

Bank of ChinaûCommerzbankûDeutsche Bankû

DZ BankûINGûHelaba ANDûRaiffeisen Bank

InternationalûWEREûMANDATEDûLEADûARRANGERS

,""7ûISûFACILITYûAGENTûWHILEû5NI#REDITûISû

DOCUMENTATIONûAGENT

4HEûlNANCINGûISûEXPECTEDûTOûBEû

AUGMENTEDûTHROUGHûTHEûISSUEûOFû

3CHULDSCHEINEûINû

#LEARWATERûADVISEDû7IELAND

7ERKEûONû

THEûSTRUCTURINGûOFûTHEûRElNANCING

7IELAND

7ERKEûCOMPLETEDûTHEûACQUISITIONû

OFû"RASSûû#OPPERû(OLDINGSûINû*ULYûBACKEDû

WITHûAûõBN

EQUIVALENTûONE

YEARûBRIDGEû

LOANûCOMPRISINGûAû53MûTERMûLOANûANDû

ANûõMûTERMûLOANûARRANGEDûBYû,""7ûANDû

5NI#REDIT

5LM

HEADQUARTEREDû7IELAND

7ERKEû

GENERATEDûSALESûOFûABOUTûõBNûINû



COMPUGROUP MEDICAL NETS €1bn

Software company COMPUGROUP MEDICAL has

AGREEDûAûõBNûSYNDICATEDûLOANûTOûRElNANCEû

DEBTûANDûTOûlNANCEûGENERALûCORPORATEû

PURPOSESûANDûACQUISITIONS

4HEûlNANCINGûCOMPRISESûAûTERMûLOANûANDû

AûREVOLVINGûCREDITûFACILITY

4HEûBANKINGûSYNDICATEûINCLUDESûBNP

ParibasûCommerzbankûDeutsche BankûLBBWû

SEB ANDûUniCredit

#OMPU'ROUPûTAPPEDûTHEûLOANûMARKETûINû

*UNEûûFORûAûõMûREVOLVINGûCREDITû

FACILITYûVIAûAûGROUPûOFûEIGHTûBANKS

4HATûlNANCINGûHADûAûlVE

YEARûMATURITYû

WITHûTWOûONE

YEARûEXTENSIONûOPTIONSûANDû

THEûOPTIONûTOûINCREASEûTHEûFACILITYûBYûõM

4HEûFACILITYûPAIDûANûINITIALûMARGINûOFûBPû

OVERû%URIBOR

TRUMPF SEALS €500m LOAN

(IGH

TECHûTOOLûANDûLASERûCOMPANYûTRUMPF

HASûAGREEDûAûõMûSYNDICATEDûLOANû

REPLACINGûAûõMûLOANûTHATûWASûARRANGEDûINû

*ULYû

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INITIALûMATURITYûOFûlVEûYEARSûPLUSûTWOûONE

YEARûEXTENSIONûOPTIONS

Deutsche BankûLBBW ANDûUniCredit were

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BNP ParibasûCommerzbankûHelabaûANDûHSBC

ALSOûPARTICIPATED

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LEADûARRANGERS

Trumpf specialises in machine tools for

mEXIBLEûSHEETûMETALûPROCESSINGûASûWELLûASû

INDUSTRIALûLASERSû4HEûCOMPANYûHADûSALESûOFû

õBNûINû



IRELAND

GREENCOAT EYES REFI

%NERGYûINVESTORûGREENCOAT RENEWABLES will

LOOKûTOûRElNANCEûITSûõMûREVOLVINGû

CREDITûFACILITYûAHEADûOFûITSûMATURITYûINû

$ECEMBER

4HEûSECUREDûTHREE

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AûMARGINûOFûBPûOVERû%URIBORûWITHûAûû

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OFûTHEûAPPLICABLEûMARGINûONûUNDRAWNûFUNDS

'REENCOATû2ENEWABLESûINVESTSûINû

renewable energy infrastructure assets with

AûFOCUSûONûTHEûACQUISITIONûANDûMANAGEMENTû

OFûOPERATINGûWINDûFARMSûINû)RELANDû4HEû

COMPANYûISûMANAGEDûBYûINVESTMENTû

MANAGERû'REENCOATû#APITAL

RUSSIA

ILIM NETS UP TO US$1bn

0ULPûANDûPAPERûCOMPANYûILIM GROUP has

SIGNEDûANûUPûTOû53BNûlVE

YEARûSENIORû

UNSECUREDûAMORTISINGûTERMûLOAN

4HEûFACILITYûWHICHûWASûLAUNCHEDûFORûANû

INITIALû53MûINCLUDESûANûACCORDIONû

OPTIONûTOûINCREASEûTHEûTOTALûTOû53BN

Credit Agricole CIB ISûCOORDINATINGû

MANDATEDûLEADûARRANGERûANDûBOOKRUNNERû

Bank of ChinaûRaiffeisenbank ANDûUniCredit are

SENIORûMANDATEDûLEADûARRANGERSûSociete

Generale ISûMANDATEDûLEADûARRANGERûICBC is

LEADûARRANGERûANDûChina Construction Bank

ANDûKDB Bank Europe AREûARRANGERS

0ROCEEDSûWILLûBEûUSEDûFORûGENERALûCORPORATEû

PURPOSESûINCLUDINGûCAPITALûEXPENDITUREûANDû

RElNANCINGûOFûTHEûCOMPANYSûLOANûPORTFOLIOû

INCLUDINGûAû53MûFOUR

YEARûUNSECUREDû

SYNDICATEDûLOANûARRANGEDûBYû2AIFFEISENû"ANKû

)NTERNATIONALûANDû)NTESAû3ANPAOLOûWHICHûWASû

SIGNEDûINû.OVEMBERûûASûWELLûASûSOMEû

BILATERALûLOANS

0RIORûTOûTHEûLOANûWHICHûWASûSIGNEDûINû

û)LIMûHADûNOTûBEENûINûTHEûSYNDICATEDû

LOANûMARKETûSINCEû/CTOBERûûWHENûITû

SIGNEDûAû53MûTHREE

YEARûTRADEûlNANCEû

LOANûLEDûBYû3OCIETEû'ENERALE

EMEA LOANS BOOKRUNNERS – FULLY

SYNDICATED VOLUME

BOOKRUNNERS: 1/1/2020 TO DATE

Managing No of Total Share

bank or group issues US$(m) (%)

Proportional credit

Source: Refinitiv SDC code: R17

1 Deutsche Bank 12 5,110.11 13.0

2 BofA 8 3,405.19 8.6

3 Commerzbank 12 2,879.01 7.3

4 Citigroup 7 2,673.69 6.8

5 UniCredit 16 2,527.83 6.4

6 HSBC 11 2,003.71 5.1

7 JP Morgan 7 1,776.35 4.5

8 SG 8 1,380.76 3.5

9 Santander 11 1,360.51 3.5

10 LBBW 6 1,101.16 2.8

Total 55 39,381.88

9 IFR Loans 2323 p 63 - 76 .indd 67 06 / 03 / 2020 19 : 19 : 50