White & Case advises Nordic Capital and portfolio company iLOQ on refinancing

Global law firm White & Case LLP has advised Nordic Capital and its portfolio company iLOQ Oy on its issuance of new senior secured floating rate notes due 2029, through its holding company Capnor Weasel Bidco Oyj, and the establishment of a super senior revolving credit facility and the related intercreditor arrangements.

The net proceeds of the notes were used in the refinancing of Capnor Weasel Bidco Oyj's existing senior secured floating rate notes due 2025.

Founded in 2003 and based in Finland, iLOQ is a leading provider within digital locking and access management solutions. The company operates in more than 55 countries with over 1,800 partner locations globally.

White & Case previously advised Nordic Capital on its acquisition of iLOQ in 2019.

The White & Case team which advised on the transaction was led by partner Michael Bark-Jones (Stockholm) and included partner Tanja Törnkvist (Helsinki), counsel David Tayler (Stockholm) and associates Max Axelsson, Daniel Agnemyr, Vilhelm Oxhammar (all Stockholm), Jussi Kukko and Joona Krigsman (both Helsinki).

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