Debt advisory for Green Landscaping Group

About Green Landscaping Group

Green Landscaping Group is the Nordic region’s leading provider for landscaping and maintenance of outdoor environments. Their business concept is to improve the customer’s outdoor environment by offering services that focus on high customer value, long-term sustainability and quality.

They have operations in Sweden, Norway and Finland. In Sweden, the business is divided into the following four regions: South, Mid, Stockholm and North.

For the 2020 financial year, Green Landscaping had approximately 1350 employees and annual sales of just over SEK 2 000 million.

Green Landscaping is listed on Nasdaq.


Green Landscaping needed to refinance their existing SEK 950 million loan and acquire an additional SEK 1000 million of funding to facilitate their growth strategy. Green Landscaping engaged Bankbrokers to:

  • Advise on design the future debt structure
  • Initiate new as well as manage existing banking relationships and negotiations
  • Coordinate and execute the debt raising


A term loan together with a multicurrency revolving credit facility with a lot of headroom for future organic growth and acquisitions.

Due to the size of the facility, it was necessary to coordinate a club loan, to share the risk and match Green Landscaping’s current and future geographical footprint.

A number of carve-outs were arranged to allow for ancillary facilities such as overdrafts, guarantees and leasing.


The market showed a great appetite for the proposed facility of SEK 1 950 million. This allowed us, based on a dialogue with Nordic banks, to set up a club loan with two highly respected Nordic banks with the expected terms and conditions.

As advisors Bankbrokers helped us designing our future financing structure to support our long term strategy. In addition, they also project managed the bank tender process. Throughout the project, Bank Brokers has been of great value to us, advising on possible financing structures, what banks to talk to, contract details etc.

Carl-Fredrik Meijer, CFO