Cederquist has advised Crédit Agricole CIB on the EUR 2.3 billion green financing of SSAB’s new steel mill in Sweden

Cederquist has advised Crédit Agricole Corporate and Investment Bank as the global coordinator, structuring bank and green loan coordinator in connection with the EUR 2.3 billion of green financing for SSAB AB (publ) for the transformation project to build a state-of-the-art fossil-free mini-mill in Luleå, Sweden.

The financing includes SEK 15 billion loan supported by the Swedish National Debt Office’s (“Riksgälden”) under the “Credit guarantees for green investments” program, a EUR 808 million loan backed by the Italian Export Credit Agency, SACE and a SEK 1.15 billion loan provided by the Nordic Investment Bank (NIB).

Cederquist’s team consisted of Berndt Pettersson as responsible partner, senior associate Jim Blomström and associate Sofia Eriksson.

For further information, please refer to the press release published by SSAB AB (publ), available at: SSAB secures green financing of EUR 2.3 billion – SSAB