HFW Advises Banks On $725 Million Stena Financing

Global, sector-focused law firm HFW has advised the mandated lead arrangers and coordinating bookrunners on a secured US$725 million revolving credit facility for Sweden’s Stena AB.

HFW acted for Handelsbanken Capital Markets, Svenska Handelsbanken, Nordea Bank, Skandinaviska Enskilda Banken, and Swedbank on the transaction, which represented a refinancing of Stena’s existing US$800 million revolving credit facility.

The new facility has a five year maturity and is provided by a syndicate of 12 lenders.

HFW’s team comprised John Forrester (Partner, Singapore); Katherine Noble (Senior Associate, London); Guy Robson (Associate, London); Michael Wray (Partner, Houston) and Josh Clarke (Special Counsel, Sydney).