August 18, 2025

Milbank Advises Funders to Nevel Oy on Its €665M Refinancing

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Milbank LLP advised the bank and private placement funders to Nevel Oy on its approximately €665 million refinancing through a mix of multicurrency bank loans and private placement notes.

Nevel is a leading core utility infrastructure solutions provider with operations across the Nordics and Estonia.

The Milbank team was led by Infrastructure Finance partners Katie Hicks and Jonathan Toffolo, special counsel Andrew Lowndes, associates Hattie JonesDhruv Kaushal, Obinna Mezu, Anavi Rehan, Harry Struss, Argyll Reid and trainees Jamie Chen and Tom Shurman, with assistance from Alternative Investments partner James Warbey and associate Lauren Beattie, Tax partner Alan Rafferty, associate Freddy Pilkington and trainee Eamon MacDonald, Corporate Finance and Securities partner Paul Denaro and associate Egzon Sulejmani, Alternative Investments partner Catherine Leef Martin and special counsel Joel Cavanaugh, and Tax partner Joel Krasnow.