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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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Eiffel finances 177 MW renewable energy projects in the Baltics and Central Europe
We advised Eiffel Investment Group on a EUR 20 million debt financing agreement with Envolve Capital (formerly Modus Asset Management), one of the leading investment fund management companies specializing in energy transition in the Baltics and Central Europe. The financing will support the construction and commissioning of a 177 MW portfolio of solar and wind […]
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smeGo attracts EUR 25 million investment from German financial institution
We advised a German financial institution on making a EUR 25 million investment in smeGo, the Lithuanian-owned financial services platform. The funds raised will be allocated for the development of financial products aimed at small and medium-sized enterprises (SMEs). Invoice financing is one of smeGo most popular funding services, alongside business loans, credit lines, and […]
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Acting for DelfinGroup and ViziaFinance before the Latvian Constitutional Court regarding a corporate income tax surcharge and how it is calculated
Sorainen is representing consumer lenders DelfinGroup and ViziaFinance before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that […]