We advised legal technology company Legal Balance on the issuance of EUR 3.5 million bonds and their admission to trading on the Nasdaq First North alternative market in Lithuania. The transaction supports the company’s growth strategy and continued access to capital markets financing, while reflecting growing interest among Baltic companies in capital markets as an alternative source of funding.
The issue comprises 3,500 bonds with a total nominal value of EUR 3.5 million. The bonds carry an interest rate of six-month EURIBOR plus a 6.2% margin, with interest payments made quarterly. The transaction involved the issuance of the bonds and their admission to trading on Nasdaq First North.
Legal Balance is a legal technology company providing debt management and debt recovery services, as well as legal advisory services to private and business clients. The company is a preferred partner of the global debt collection network EOS in the Baltic states and manages a portfolio of more than 10,000 debts.
Our team
The team advising the client consisted of partner Augustas Klezys, counsel Lina Aleknaitė-van der Molen and associate Deimena Špučytė.
