-
NordSpace successfully launches up to EUR 10 million public bond offering across the Baltics
We advised ATIISIB NordSpace on its up to EUR 10 million public bond offering in Lithuania, Latvia and Estonia, the first tranche of which was fully subscribed by institutional and retail investors across the Baltics. NordSpace owns and operates a portfolio of 13 small business property projects in Lithuania, Latvia and Poland, comprising a total […]
-
German bank lends EUR 14 million for the modernisation of Klaipėdos Baldai factory
We advised German state-owned commercial bank Landesbank Baden-Württemberg (LBBW) on the partial financing of the EUR 18 million modernisation of the Klaipėdos Baldai furniture manufacturing facility. The German bank provided a loan of EUR 14.3 million, while the remaining investment was financed from the company’s own funds. Klaipėdos Baldai is part of the SBA Group, […]
-
Advising SEB on the cross-border merger of its Baltic banks
We are advising SEB on the cross-border merger of its existing Baltic banks. It will be carried out by a side-step merger, whereby the Latvian and Lithuanian banks will be merged into the Estonian bank. Following this, the Estonian bank will operate in Latvia and Lithuania through branches established during the merger. Strengthening SEB’s financing […]
-
Financing agreements signed for the Rūdninkai military base project
We advised the European Investment Bank (EIB), SEB bank and Swedbank, which jointly provided EUR 369 million in loans to Merko Statyba, the developer of the second phase of the Rūdninkai military base. The financing covers two parts of the project: for one part, the EIB and SEB each provided EUR 86 million (EUR 172 million in total); for the other, the EIB […]
-
Bitė Group refinances with EUR 550 million senior secured notes issue
We advised Bitė Group, a leading telecommunications and media group in the Baltics, on the issuance of EUR 550 million senior secured floating-rate notes due 2031, refinancing the Group’s existing notes. Bitė Group is an integrated telecommunications and media service provider in the Baltic, offering mobile communications, fixed broadband, Pay TV, media and contenct services in Lithuania, Latvia and Estonia. The Group is indirectly controlled by funds managed by Providence Equity Partners. Our team and services We advised the client in Lithuania and Latvia on all legal matters related to the issuance of the notes. Our team consisted of partners Augustas Klezys and Rūdolfs Eņģelis, counsels Vitalija Impolevičienė and Lina Aleknaitė-van […]