29
Fri, Mar
51 New Articles

Cobalt and Eversheds Sutherland Advise on Coffee Address's EUR 5 Million Bond Issuance

Cobalt and Eversheds Sutherland Advise on Coffee Address's EUR 5 Million Bond Issuance

Latvia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cobalt has advised Coffee Address Holding on its EUR 5 million unsecured bond issuance. Eversheds Sutherland Bitans advised on collateral agent matters and undertook collateral agent functions for the term of the bonds. Signet Bank was the arranger of the issuance.

"The bonds were offered to investors through a private placement, and are scheduled to be included in the Nasdaq First North alternative market within 12 months," Cobalt informed.

According to Eversheds Sutherland, "investor demand exceeded the issue offer, involving the participation of both private and institutional investors."

Established in 1993, BaltCap portfolio company Coffee Address is a coffee company specializing in office and on-the-go coffee in the Baltics.

Cobalt previously advised Coffee Address on the acquisition of Kafe Serviss (as reported by CEE Legal Matters on January 15, 2020).

The Cobalt team included Partner Edgars Lodzins and Specialist Counsel Andrejs Lielkalns.

The Eversheds Sutherland team was led by Senior Partner Maris Vainovskis and Associate Justine Ignatavicute.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.