Mannheimer Swartling has assisted Corral Petroleum Holdings AB in its issuance of unsecured Senior PIK Toggle Notes consisting of SEK-notes with a principal amount of SEK 500 million and EUR-notes with a principal amount of EUR 570 million. The fixed rate notes will be listed on the Luxembourg Stock Exchange and fall due 2021. The issuance of the notes is part of the group's refinancing which also includes Preem AB’s bank debt.

Corral Petroleum Holdings AB is the parent company of Preem AB which is the largest oil refining company in the Nordic region and the largest fuel company in Sweden.

Mannheimer Swartling’s team was led by Olof Stenström, primarily assisted by Emma Noreklint, Emil Görrel and Malin Selin.