We advised Multitude Bank, a credit institution licensed by the Malta Financial Services Authority and providing a range of banking services to its clients across Europe, on granting a EUR-17.25-million credit line to DelfinGroup, a licensed technology-based financial services company operating under the brand names Banknote and VIZIA.
Ramona Miglāne, Sorainen partner, says, “We are proud to have supported Multitude Bank in this transaction. Multitude Bank is a long‑standing Sorainen client, and this project once again illustrates the strength and continuity of our cooperation. We are pleased to have contributed to a financing structure that supports the growth of one of the region’s most dynamic financial sector companies.”
Our team and involvement
Our assistance covered the full scope of legal support for this cross‑border financing, including drafting the credit line agreement, and the preparing Latvian and Lithuanian collateral documentation (pledges and guarantees), as well as supporting negotiations with DelfinGroup.
The Sorainen team consisted of partner Ramona Miglāne, counsels Inese Heinacka and Dr Lina Aleknaitė – van der Molen, and legal assistants Gabriela Mora Petroviča and Annika Līze Valtere.
