INSIDE INFORMATION: PHM Group Holding Oyj is contemplating launching of a new Term Loan B in order to refinance its debt obligations
PHM Group Holding Oyj, Inside information, 12 February 2025 at 10.01 a.m. (EET)
PHM Group Holding Oyj (the “Company”) is contemplating issuing of a new term loan B and launches the syndication of new senior secured credit facilities expected to consist of an up to EUR 1,000,000,000 term loan B facility and an up to EUR 150,000,000 revolving credit facility (the “New Senior Secured Credit Facilities”).
Subject to market and other conditions, the Company intends to use part of the proceeds under the New Senior Secured Credit Facilities to redeem and repay outstanding debt securities maturing in 2026 as well as certain other existing credit facilities. The redemption will be announced separately.
The terms of the proposed refinancing, including but not limited to the principal amount, interest rate and maturity of the New Senior Secured Credit Facilities, are subject to a number of significant conditions, and there can be no assurance that the Company will consummate any of these transactions on the anticipated terms or timing, or at all.
Deutsche Bank Aktiengesellschaft, Morgan Stanley Bank AG and Nordea Bank Abp are lead bookrunners with BNP Paribas Fortis SA/NV, Citibank, N.A., London Branch and Goldman Sachs Bank Europe SE as arrangers.
For more information:
Ville Rantala, Group CEO, tel. +358 50 385 1442
Petri Pellonmaa, Group CFO, tel. +358 40 568 3841
PHM Group Holding Oyj in brief
PHM Group is a property services group whose mission is to care about people by taking care of their surroundings. PHM Group consists of the best local companies in the industry with the same values and motivations: entrepreneurship and a fair and responsible way of working.
PHM Group employs over 13,500 property services professionals in Finland, Sweden, Norway, Denmark, Germany and Switzerland. The Group’s consolidated revenue amounted to EUR 1,128 million as of 31 December 2024. PHM Group is owned by the funds managed by Norvestor and the Intera fund together with the management of the local companies. Read more: phmgroup.com
Contacts
- Petri Pellonmaa, Konsernin talousjohtaja, +358 40 568 3841, petri.pellonmaa@phmgroup.com
- Ville Rantala, Konsernin toimitusjohtaja, +358 50 385 1442, ville.rantala@phmgroup.com