Loimua, a Finnish district heating company, owned by DIF Capital Partners, Aberdeen Standard Investments and Local Pensions Partnership, has refinanced its acquisition debt facilities to help de-risks the company’s long term capital structure.
The trio acquired Loimua (formerly known as Elenia Heat), a company which owns and operates 640MW of heat production capacity, in July last year for an undisclosed sum.
DIF said the refinancing of the acquisition facilities Loimua established a “common terms multi tenor debt platform including long term bank debt and 10, 12, and 14-year private placement tranches from institutional debt providers, alongside working capital facilities for general and capex financing purposes”.
“The refinancing further de-risks the company’s long term capital structure and provides operational flexibility to deliver growth in line with the business plan,” DIF said.
