Nordhaven advised Terra Patris on renegotiating its EUR 40 million debt portfolio and additional debt financing

1 july 2020

Relating to coronavirus and challenging industrial market conditions, Nordhaven advised Terra Patris on renegotiating of its EUR 40 million debt portfolio and on additional debt financing. The debt portfolio included both bilateral loans and syndicated debt facility.

Terra Patris Oy is a Finnish family-owned company with subsidiaries in leisure marine industry, construction equipment industry, contract manufacturing and in forest industry.

Turkka Hirvonen, CEO of Terra Patris group:

“Coronavirus caused adverse market conditions for majority of our businesses. We wanted to take proactive approach and secure our liquidity reserves. Long-term debt funding solution achieved supports our growth strategy going forward. We are highly satisfied with Nordhaven’s value-adding support from planning to final execution.”

Nordhaven’s Debt and Capital Advisory in brief

Nordhaven provides independent debt & capital advisory to private and public companies as well as private equity clients. Our dedicated senior team has relevant hands-on experience and deep relations to various banks, institutional investors, debt funds and other alternative capital providers.

“Many companies will need changes to their current financing structure and terms in the near future. As an independent and unconflicted advisor we can be instrumental in arranging a balanced financing package that works for the owners, the businesses, and the financiers.” says Kalle Helander, partner at Nordhaven.

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