AAK completes refinancing
AarhusKarlshamn AB (AAK) has signed two five year multi-currency credit facilities totaling approximately SEK 4.2 billion, (EUR 330 million in a club deal and USD 180 million in a bilateral arrangement) with Nordic financial institutions. The facilities will be used to refinance existing facilities and to finance current operations and potential acquisitions.
AAK is a leading producer of high value-added specialty vegetables fats. The company is headquartered in Malmö, Sweden and has productions facilities in Denmark, the Netherlands, Mexico, United Kingdom, Sweden, Uruguay and USA. The company’s share is listed on NASDAQ OMX Stockholm.
AAK was advised by Mannheimer Swartling in the transaction. Zoran Stambolovski handled the assignment, primarily assisted by Karolina Ericsson, Susanne Forsberg and Svante Liljedahl.