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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 […]
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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 […]
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W. P. Carey-managed company acquires Baltic retail property portfolio for EUR 177.5 million
We advised a company managed by the US investment fund W. P. Carey on the acquisition of a Baltic retail real estate portfolio worth EUR 177.5 million. The fund acquired it from UAB Baltic Retail Properties, a closed-end investment company for informed investors, managed by UAB Žabolis ir partneriai kapitalo valdymas. The transaction involved one […]
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EU Taxonomy in practice: assessing 70 economic activities
We advised the Green Finance Institute of the national development bank ILTE on assessing the compliance of 70 different economic activities with the EU Taxonomy Regulation and its related legislative requirements. The analysis covered a wide range of sectors, including energy (such as electricity generation, storage, and hydrogen production), manufacturing (including packaging), construction and real […]
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Own Leasing attracts EUR 50 million investment from a Luxembourg fund
We advised a Luxembourg fund on a EUR 50 million investment in Own Leasing, a Lithuanian leasing company for businesses. The financing is expected to support Own Leasing’s further growth in Lithuania and across the Baltic region. The initial EUR 50 million commitment may be increased in the future, reflecting the parties’ long-term cooperation ambitions. […]