Cederquist advises lenders on $5B Green Loan Financing Arrangements for expansion of Northvolt Ett

Cederquist represented the senior lenders in connection with the $5 billion financing for the expansion of Northvolt Ett, an electric vehicle (EV) battery manufacturing facility in Skellefteå, Sweden. This transaction marks the largest green loan ever secured in Europe.

In addition to the expansion of Northvolt Ett’s battery cell manufacturing capabilities, the financing will enable the expansion of the adjacent recycling plant, Revolt Ett, creating a fully integrated circular battery production facility.

The Cederquist team was led by partner Per Henriksson and senior associate Sebastian Karlsson with support from, Jonas Forsén, Karl Skorup Averås, Johan Hedlund, Viktor Eriksson and other specialist teams.