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Cobalt and Vilgerts Advise on Valmieras Stikla Skiedra Loan


Cobalt has advised AS SEB Banka and Danske Bank A/S Latvia Branch on their provision of a syndicated loan to glass fibre manufacturer AS Valmieras Stikla Skiedraone in the amount of EUR 50.4 million. Vilgerts advised Valmieras Stikla Skiedra on the loan.

Cobalt's banking and finance team, led by Specialist Counsel Edgars Lodzins, acted as a lead counsel for the syndicate of the banks on elements including the "cross-border coordination between involved parties from Latvia, USA, [the] United Kingdom, and Germany."

The Vilgerts team included Head of M&A Vairis Dmitrijevs and Partner Gints Vilgerts.

Image Source: valmiera-glass.com