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Cobalt and Ellex Advise on Amber Beverage Group EUR 30 Million Bond Issuance

Cobalt and Ellex Advise on Amber Beverage Group EUR 30 Million Bond Issuance

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Cobalt has advised the Amber Beverage Group on its EUR 30 million issuance of four-year senior secured bonds with Signet Bank as the arranger. Ellex was the collateral agent on the issuance.

The Amber Beverage Group is a spirits company.

According to Cobalt, “the bond issue saw an exceptionally high level of demand from both private and institutional investors from all three Baltic countries, with total demand exceeding EUR 45 million and more than 100 investors participating in the offering. Proceeds from the bond issue will be used to finance the construction of a modern, fully automated A-class logistics center. The new facility will increase the warehouse capacity of the Group in Latvia by approximately 30% and will improve the efficiency of the Group. It is anticipated that the bonds will be listed on the Frankfurt Stock Exchange Open Market and the Nasdaq Riga Regulated Market.”

Cobalt’s team included Partner Edgars Lodzins, Specialist Counsel Andrejs Lielkalns, and Senior Associate Krisjanis Buss.

Ellex's team included Partner Ilga Gudrenika-Krebs and Associate Partner Marta Cera.

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.