Sorainen advised 4finance in a USD 325 million bond issue due in 2022. The bonds are listed on the Global Exchange Market of the Irish Stock Exchange.
4finance is Europe’s largest online mobile consumer lending group.
Sorainen acted as the issuer’s local legal adviser for the new bond issue and advised on Lithuanian law. Our advice comprised limited legal due diligence of the issuer’s Lithuanian affiliates, drafting the Lithuanian related parts of the bond documentation and corporate authorisations, and issuing transaction opinions on Lithuanian law matters.