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Green Genius issues EUR 65 million green bond in the Nordic market
We advised renewable energy company Green Genius on a EUR 65 million green bond issue in the Nordic capital market. The proceeds will be used to refinance existing subordinated loans that funded the construction of its projects. The green bonds have a four-year maturity and carry an annual interest rate of 3-month EURIBOR plus a […]
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UK investor Pollen Street Capital increases financing for Finbee Verslui to EUR 55 million
We advised UK investor Pollen Street Capital on increasing its financing for Finbee Verslui (UAB Finansų bitė verslui), a Lithuanian lender to small and medium-sized enterprises (SMEs), from EUR 35 million to EUR 55 million. The updated agreement will improve access to financing for Lithuanian SMEs and increase the business loan amount from EUR 250,000 […]
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Green bond issuance and base prospectus advice for Augstsprieguma tīkls
We advised Augstsprieguma tīkls, the Latvian transmission system operator, on its green bond issuance. Our work covered the preparation of the base prospectus and the related transaction documentation; advising on listing and central securities depository requirements; supporting the due diligence and disclosure workstreams; and preparing issue-specific summaries, managing translations and delivering legal opinion. This mandate […]
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Aspora acquires a controlling stake in Lithuanian electronic money institution UAB Hokodo
We advised Vance Inc., operating under trading name Aspora, a US-based fintech company, on its acquisition of a controlling stake in UAB Hokodo, a Lithuanian electronic money institution. The Bank of Lithuania approved the acquisition of a shareholding exceeding 50% of the share capital and voting rights in UAB Hokodo, enabling Aspora to acquire control […]
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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 […]