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Berenberg takes part in the financing of the construction of one of the biggest stand-alone solar parks in the Baltics
We advised one of Europe’s leading private banks, Berenberg, on providing financing of EUR 26 million to the renewable energy company Green Genius to construct the new solar park in the Baltics. The 121 MW project is located in Jekabpils, Latvia. So far, it is the biggest stand-alone solar park in Latvia, taking over a […]
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Bitė Group announces EUR 920 million senior secured notes issue
We advised Bitė Group, the leading telecommunications and media group in the Baltics, on a EUR 920 million senior secured notes issue. The issue was a record for the Baltic States. Its distribution was very successful, with a sell-out in 3 days. ‘The senior secured notes issue we are launching today is an appraisal of […]
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Avia Solutions Group issues USD 300 million worth of new bonds
We advised Avia Solutions Group, a globally leading aviation group, on issuing USD 300 million in senior unsecured bonds with a tenure of five years at a rate of 9.75%. This issuance includes the refinancing of a previous bond issue that had an outstanding balance of USD 180 million. The surplus funds will be allocated […]
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Owner of shopping centre Sāga refinances with Rietumu Banka
We advised VPH, one of the largest commercial real estate developers in Lithuania; and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 48 million from Rietumu Banka for refinancing. This has been one of the largest loan financing transactions in Latvia in 2023. […]
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KGAL leases 3 new Airbus A220 aircraft to airBaltic
We advised KGAL Investment Management GmbH & Co. KG (“KGAL”), a leading independent investment and asset manager with an investment volume of €16.5bn, on the leaseback transaction in relation to three new Airbus A220-300 aircraft with Air Baltic Corporation AS, the Latvian national airline and the leading carrier in the Baltic region. The lease agreements […]