Mehiläinen raises capital to fund future growth

Mehiläinen has agreed on a syndicated financing package totalling EUR 2.06 billion with principally 7-year maturity. The financing package is supported by a well-diversified investor base of 90 investors, including Finnish pension and insurance companies and leading international private credit funds and banks. The interest margin of the loan includes an ESG-based ratchet, which reflects how Mehiläinen achieves its sustainability goals tied to the financing.

The new long-term debt financing replaces Mehiläinen’s current EUR 1.36 billion senior loan facilities and adds EUR 700 million in extra liquidity. The additional capital raised will be used for future acquisitions, investments required for growth, and targeted share repurchases.

- This long-term debt financing, together with Mehiläinen's cash flow, will support the execution of our growth-oriented business plan, says Herkko Soininen, CFO of Mehiläinen Group.

Turning 115-year-old this year, Mehiläinen Group is a rapidly developing and growing leader in the social and healthcare services in Europe. Mehiläinen serves 2.1 million customers annually in its home markets in Finland, Sweden, Estonia and Germany. Mehiläinen services are produced at over 840 locations by more than 37 000 employees and private practitioners. Mehiläinen also provides digital healthcare software solutions internationally through its subsidiary BeeHealthy.