Advania has successfully completed a €820 million-equivalent refinancing transaction. This strategic move combines syndicated loans and private credit pools, including a €375 million term loan B and pre-placed tranches in sterling (€250 million), Norwegian krone (€100 million), and Swedish krona (€95 million). Additionally, Advania secured a new €210 million senior secured revolving credit facility due in 2030.
"This refinancing is a critical milestone in our continued growth journey," said Henrik Schibler, CFO of Advania. "It ensures that we are well-positioned to invest in new opportunities, expand our operations, and stay ahead of market demands. By leveraging a mix of syndicated and private credit pools, we are ensuring flexibility to meet our operational and strategic goals."
The structure strengthens Advania's ability to capitalise on market opportunities while maintaining a solid financial foundation. With over 5,000 employees across Sweden, Norway, the UK, Iceland, Finland, and Denmark, the company remains focused on providing critical IT services to mid-market corporate clients, governments, and public institutions.
Goldman Sachs and JP Morgan acted as global coordinators for the refinancing, with additional participation from leading financial institutions, including Danske Bank, Nordea, Credit Agricole, Mizuho, and SEB.
