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Brandl & Talos Advises GoLending on Issuance of Subordinated Debt

Brandl & Talos Advises GoLending on Issuance of Subordinated Debt

Austria
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Brandl & Talos has advised GoLending AT GmbH on the preparation of a capital market prospectus for the issuance of qualified subordinated loans for approximately EUR 30 million.

According to Brandl & Talos, the qualified subordinated loans, with a term of five years, can be subscribed from January 1, 2019 with a minimum subscription amount of EUR 4,850. The interest rate is 7.5% for the first 48 months and 9.725% for the last 12 months of the term.

GoLending AT GmbH, which is based in Vienna, operates an online pawn shop. The capital raised through the qualified subordinated loans is intended to further strengthen the liquidity of the company and to finance and expand its operational activities in the area of providing pawn loans to commercial customers, Brandl & Talos reports.

The Brandl & Talos team consisted of Partner Christopher Schrank, Attorney Martin Kollar, and Associate Hannes Schlager.

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