Gernandt & Danielsson has advised Strömma Turism & Sjöfart AB (publ) ("Strömma") on a new debt financing with Danske Bank and two major Swedish institutional investors as lenders in an amount of SEK 450 million and EUR 5 million, including a senior term facility and a super senior revolving credit facility. The purpose was, amongst others, to refinance the Company's outstanding bond and the majority of the Group's other outstanding interest-bearing debt.
Strömma offers sightseeing, entertainment and activity experiences for tourists, locals and businesses in Northern Europe. Strömma has a history dating back to 1809 and today operates in Sweden, Norway, Finland, Denmark and the Netherlands. Strömma's brands include Göta Kanal Rederiaktiebolag, Vaxholms Kastell and Strömma Kanalbolaget.