Sorainen's Estonian and Lithuanian offices have advised Nordea Bank and DNB on financing they provided to the Luminor Group to develop Luminor’s lending activities and group liquidity buffers and to refinance existing debt. Cobalt advised Luminor on the deal.
Sorainen reports that it "also advised Nordea and DNB in negotiating a highly bespoke collateral package to secure the financing."
The Sorainen team was led by Estonian Partner Reimo Hammerberg and Lithuanian Partner Augustas Klezys and included Senior Associates Jane Eespold and Agne Sovaite and Associate Kristjan Nommik.
Cobalt's Estonian team included Partner Marina Kotkas and Senior Associate Karl Kull.