Finnair’s €400 Million Notes Offering and €200 Million Cash Tender Offer

White & Case LLP has advised Finnair Plc on the deal.

Finnair Plc, the largest airline in Finland, executed the offering of €400 million 4.250% senior unsecured notes due 2025 and the simultaneous cash tender offer for its existing €200 million 2.250% notes due 2022.

The notes will be listed on Nasdaq Helsinki.

Danske Bank and Nordea Bank acted as coordinators and bookrunners on the notes issue and OP Corporate Bank and Skandinaviska Enskilda Banken acted as bookrunners. For the tender offer, Nordea Bank and OP Corporate Bank acted as dealer managers and Nordea Bank acted as the tender agent.

The White & Case team in Helsinki which advised on the transaction was led by partners Mikko Hulkko (Picture) and Petri Avikainen and included associates Jenni Nygård, Liisa Rekola, Henna Viljakainen and Tommi Kolehmainen.

Involved fees earner: Petri Avikainen – White & Case; Mikko Hulkko – White & Case; Tommi Kolehmainen – White & Case; Jenni Nygård – White & Case; Liisa Rekola – White & Case; Henna Viljakainen – White & Case;

Law Firms: White & Case;

Clients: Finnair OyJ;

Author: Federica Tiefenthaler