“Tanja Törnkvist is one of the leading players in the Finnish B&F sector. She is very experienced and has wide know-how in different types of transactions. Complex syndicated IG transactions are her bread and butter. Once you choose Tanja you can trust that everything goes smoothly.”
Biography
Recognized by professional guides as one of the leading banking lawyers in Finland, Tanja Törnkvist, supports clients with a wide range of financing transactions.
Major domestic and international companies and financial institutions benefit from her experience in acquisition finance transactions, general bank lending, project finance, structured bank/bond transactions, financial restructurings and real estate finance.
Noted for her cutting-edge approach to transactional matters, Tanja has been at the forefront of developing the Finnish high yield securities market, advising clients from pari secured bank/bond structures to super senior revolving credit facilities.
Committed to helping clients to achieve their business objectives, regardless of their complexity or innovative aspects, she has worked on a number of pioneering deals that were market 'firsts'. These include the first-ever full-scale consent solicitation process related to Finnish law-governed bonds, and the first-ever domestic secured bond issue and programme by a Finnish issuer.
Experience
Representation of Macquarie Asset Management and its managed funds in relation to a EUR 51 million second lien financing as sole lender to an onshore wind platform located in Finland. The eight operational onshore wind farms with total capacity of 218 MW are located across Central-South Finland and owned by funds managed by Taaleri Energia, a Helsinki-based renewable energy fund manager. The EUR 51 million financing supports the onshore wind platform to partly refinance its existing debt, with highly bespoke terms structured to provide flexibility.
Representation of Antilooppi Ky, a real estate investment firm specializing in office properties in the Helsinki region, in connection with the amendment and restatement of its up to EUR 520 million sustainability-linked, secured, term loan financing. As part of the amendment, the term of the financing was extended by three years, with additional extension options. Nordea, OP, SEB and Danske Bank continue as lenders.
Representation of CVC and Mehiläinen on the EUR 1.1 billion financing for Mehiläinen's acquisition of Regina Maria in Romania and MediGroup in Serbia from private equity firm MidEuropa. The acquisition financing included: (i) repricing Mehiläinen's EUR 1.86 billion term loan B facility, (ii) offering of EUR 350 million Senior Secured Floating Rate Notes due 2032, and (iii) offering of EUR 740 million Senior Secured Fixed Rate Notes due 2032. The notes were sold pursuant to Rule 144A and Regulation S under the US Securities Act and admitted to trading on the Official List of The International Stock Exchange. Mehiläinen Group is Finland's largest private social care and healthcare provider, operating in Finland, Sweden, Estonia, Germany and Lithuania. Regina Maria is a leading private healthcare company in Romania, offering a wide range of multi-specialty outpatient healthcare services and hospital services. Regina Maria's sister company MediGroup is the leading service provider in the private healthcare market in Serbia.
Representation of Neste Oyj, the world's leading producer of sustainable aviation fuel (SAF) and renewable diesel, on the financing of the EUR 1,3 billion multi-currency revolving credit facility with a syndicate of 13 banks. The five-year tenor has two one-year extension options subject to approval by individual lenders. The loan will be used for refinancing and general corporate purposes.
Representation of a group of lenders on a US$148 million financing for Borealis Data Center, which is 92.2 percent owned by Vauban Infrastructure Partners through its Fund Core Infrastructure Fund III SCS SICAVSIF. The financing was carried out by the French infrastructure investment firm Infranity through US$135 million term loans and Iceland's Arion Bank through US$13 million revolving credit facilities. The transaction will enable Borealis Data Center, a sustainable data centers builder and operator, to finance the expansion of its campuses in Iceland and Finland.
Representation of Nala Renewables Ltd, a global power and renewable energy investment platform, on its acquisition of Fu-Gen Energia I Oy together with a ready-to-build 50 MW Battery Energy Storage System located in Finland.
Representation of Valmet Oyj, a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, in the financing for the acquisition of Körber Group's Business Area Tissue. The financing package for the acquisition consists of two facilities underwritten and committed by Danske Bank A/S and Nordea Bank Abp, a EUR 250 million term loan facility maturing in January 2028 and a EUR 150 million term loan facility maturing in two years from the closing of the acquisition.
Representation of Nordea Bank and Pareto Securities, as the joint bookrunners, on the issuances of €340 million 4.75 percent senior secured callable notes due 2026 and €300 million senior secured floating rate notes issued under a framework of EUR 450 million by PHM Group Holding Oyj, a property maintenance and management services group, including tap issues under the notes. The notes were offered in the United States to qualified institutional buyers as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act. The notes are listed on the Open Market at the Frankfurt Stock Exchange and will be listed on Nasdaq Helsinki or another regulated market within twelve months of the issue date. White & Case also represented initially Nordea Bank and subsequently also Deutsche Bank on the €92.5 million super senior revolving credit facility. The notes and the super senior revolving credit facility share security and guarantees provided by PHM Group Holding Oyj and other group companies.
Representation of Georg Fischer AG on the financing of its €2.1 billion voluntary recommended public cash tender offer for all the issued and outstanding shares in Uponor. Georg Fischer offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high precision manufacturing technologies. Founded in 1802 and headquartered in Switzerland, it has more than 15,000 employees and a presence in 34 countries. Based in Finland and listed on Nasdaq Helsinki, Uponor is a leading global provider of solutions that move water through cities, buildings and homes. It employs around 3,900 people in 26 countries in Europe and North America and sells its products in more than 80 countries. In 2022, Uponor achieved net sales of around €1.4 billion.
Representation of Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Danske Bank A/S and OP Corporate Bank plc on the EUR 200,000,000 secured revolving loan facility of Finnair Oyj for general corporate purposes. The financing carries a three-year tenor with a one-year extension option.
Tier 1 in Banking & Finance and Hall of Fame, The Legal 500 EMEA 2025
Band 1 in Banking & Finance, Chambers Europe and Chambers Global 2025
IFLR1000 Women Leaders 2025
Market Leader, IFLR1000 2025