Borenius advised the financiers in connection with Ylva’s syndicated loan facilities

We advised OP Corporate Bank plc and other lenders in connection with Ylva’s EUR 205,000,000 syndicated loan facilities. Ylva serves as the asset manager of the University of Helsinki’s Student Union.

OP Corporate Bank plc acted as coordinator. In addition to OP, the syndicate comprises Nordea, Aktia and LocalTapiola. The five-year loan consists of the refinancing of previous bank loans as well as investment loans. The financing arrangement will partly enable the development of Ylva’s strategic Grand Hansa hotel project in the Helsinki city center.

As climate responsibility and sustainable development are key factors in Ylva’s operations, the facilities agreement is also linked to sustainability targets, and it includes incentives regarding carbon neutrality and personnel satisfaction.

Ylva’s business activities focus on real estate and financial investments, but Ylva also invests in the restaurant sector. Ylva’s owner is the University of Helsinki’s Student Union, and Ylva’s profits are used to promote student activities. Ylva also secures the sustainable and long-term appreciation of the Student Union’s assets.