Mandate

Vinge advises energy technology company Flower in connection with credit facilities with Norion Bank

March 27, 2024

Vinge advises expansive energy technology company Flower in connection with the entering into of credit facilities with Norion Bank. Flower was founded in 2020 and has quickly become Sweden’s leading player in battery storage trading and optimisation and so-called BESS (Battery Energy Storage Systems). With a focus on rapid expansion towards selected European markets, Flower’s journey is defined by combining pioneering technology with flexible energy assets, enabling clean energy to power society.

The proceeds from the credit facilities will be used to, among other things, finance Flower’s future investments and expansion. Flower has its sights set on continued global expansion, although the current addition is intended to strengthen its position in the Swedish market.

Vinge’s team consisted of Albert Wållgren and Jolinn Uhlin.

Related

Vinge has advised SBB and Sveafastigheter in connection with an exchange offer

Vinge has advised Samhällsbyggnadsbolaget i Norden AB (SBB) and Sveafastigheter AB in connection with an exchange offer directed to investors in SBB’s outstanding bonds, whereby investors exchanged senior and hybrid bonds in SBB for new senior bonds issued in Sveafastigheter AB. The existing bonds were partly issued under SBB’s EMTN programme, partly on a standalone basis. Following the transaction, the investors have been slotted in under Swedish bond terms on a standalone basis.
July 09, 2024

Vinge advises Polar Structure AB in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary

Vinge advises Polar Structure AB, a leading developer and owner of infrastructure, in connection with its issuance of EUR 81 million senior secured notes through a majority owned subsidiary. The proceeds will be used to finance the construction of a railway outside Boden, which will connect the existing iron ore line (Sw. Malmbanan) with H2 Green Steel’s new facility for large-scale production of green steel at Boden Industrial Park.
July 04, 2024

Vinge advises Bergs Timber AB (publ) and Bitus A

Vinge advises Bergs Timber AB (publ) and Bitus AB in connection with the divestment of the Fågelfors pellets business to J. Rettenmeier & Söhne. The Fågelfors pellets factory is based in Fågelfors in Högsby. The acquisition is subject to customary regulatory approvals.
July 03, 2024