Castrén & Snellman advised Forchem Oy in connection with a EUR 70 million offering of senior secured high-yield bonds to domestic and international investors. Pareto Securities acted as the sole bookrunner.

Forchem Oy is a leading European producer of pine chemical derivatives and one of the four globally dominating producers. Forchem Oy operates a state-of-the-art crude tall oil fractionation facility in Rauma, Finland. The high-yield bond issuance was completed in a record time of approximately one month. The demand for the bonds was strong, and the offering was heavily oversubscribed.

The company’s team of advisers was headed by our partners Jan Kuhlefelt, Janne Lauha and Tero Tuomisto and included counsel Mikko Heinonen, senior associate Benjamin Bade and associate Niko Johansson.