Nordea underwrites Pronova loan

04 Oct 2010

Norwegian pharmaceutical firm Pronova BioPharm is syndicating a Nkr2.38bn (Eu296m, $407m) five year loan that Nordea has underwritten.

The facility, which is split into a Nkr1.78bn multi-currency term loan and a Nkr500m multicurrency revolver, is being marketed to a small group of banks, including new lenders. Syndication is expected to close at the end of the month.

The term loan is split into a Nkr680m tranche ...

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