Milbank LLP advised Citycon, a leading Nordic owner and developer of mixed‑use real estate, as borrower on a €270 million term loan facility provided by alternative lenders. The facility is secured against a portfolio of retail properties located in Norway and includes an accordion feature permitting up to €250 million of additional financing to finance assets in Sweden and Finland.
The team acted as lead counsel, advising on all aspects of the transaction, including negotiation and finalization of the finance documents, coordination with local counsel on Norwegian, Swedish and Finnish matters, and overall management of the transaction through to successful completion.
The Milbank deal team was led by Corporate Finance and Securities partner David Dixter and Real Estate partners Miles Flynn and Rehan Hanif, and associates Jack Ingamells and Katie Wilkins.
