Latham Advises on Nordiqus’ SEK16.4 Billion Debt Raise

Latham & Watkins has advised the finance parties of Nordiqus on the successful completion of a SEK16.4 billion equivalent debt raise, refinancing its current debt facilities and implementing a long-term common terms platform. The refinancing was executed with private placement institutional notes and bank debt. As part of the refinancing, Nordiqus obtained an investment grade rating based on infrastructure rating methodology.

Founded in 2022, Nordiqus owns long-term education social infrastructure assets underpinned by Government-Sourced revenue. The business owns and manages over 600 educational facilities across the Nordic region.

The Latham team was led by London infrastructure partner Conrad Andersen and counsel Amanda Fortuna, with associate Kimberly Barker. Advice on UK tax matters was provided by London partner Aoife McCabe, with associate Tom O’Malley; and on derivatives matters by London counsel Delyth Hughes, with associate Nick Surry.