Pronova syndication goes swimmingly

18 Feb 2011

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.

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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