Pronova syndication goes swimmingly

Norway’s Pronova, which produces fish oil-based pharmaceuticals, has completed a Nkr2.28bn ($393m) multi-currency loan after SEB and Swedbank joined as mandated lead arrangers during syndication.

  • 18 Feb 2011

Nordea underwrote the deal, signing into the facility last September and was the bookrunner and mandated lead arranger.

The transaction, which is split into a Nkr1.78bn multi-currency term loan and a Nkr500m multi-currency revolver, was marketed to a small group of Nordic banks.

The term loan is divided ...

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