10 May 2016
Gernandt & Danielsson advised the Initial Purchasers in Corral Petroleum Holdings’ bond issues
Corral Petroleum Holdings AB (publ) (“Corral”), the parent company of Preem AB (publ) (“Preem”), has issued Senior PIK Toggle Notes consisting of SEK-notes with a principal amount of SEK 500 million and EUR-notes with a principal amount of EUR 570 million.
The notes fall due 2021 and were issued as a part of a larger refinancing also including Preem’s bank debt. Corral is the largest oil refining company in the Nordic region.
Gernandt & Danielsson advised the Initial Purchasers, led by Deutsche Bank AG, London Branch, with a team mainly consisting of Partners Carl Westerberg och Candra Torebring, Senior Associates Richard Ramberg and Henrik Appelqvist, and Associates Simon Söderholm, Karin Källström and Fredrik Haräng.