The five year facility has two one year extension options, exerciseable at the lender's discretion.
There was a “material scale back” for all lender commitments after an oversubscription, according to a lead.
Competition in the loan market has cranked up this year, with smaller club deals in particular able to command chunky demand from lenders as banks compete for assets.
Bank of America, BNP Paribas, Credit Suisse, Jyske Bank, Nordea and SEB make up GN Store Nord’s lending syndicate.
The facility will be used for general corporate purposes.
GN Store Nord had a strong first quarter of the year, reporting a 46% organic revenue growth year on year.
The company’s leverage was 1.6 times at the end of the first quarter 2021.