Cobalt has advised AS PRFoods, a fish farming and production company listed on the Tallinn Stock Exchange, on a private placement of secured notes with an aggregate nominal value of approximately EUR 9.1 million.
Cobalt reports that “the subscription period for the private placement of the notes of AS PRFoods was a great success and investors’ interest in the notes exceeded the volume of the private placement by approximately 109%. Due to that, AS PRFoods decided to increase the volume of the private placement to approximately EUR 9.1 million and is also considering increasing the maximum aggregate nominal value of the notes to be issued during the whole issue from EUR 10 million to EUR 11 million.”
Also, according to Cobalt, the firm “is continuing to advise AS PRFoods in relation to the contemplated public offering for the second tranche of the notes, and upon the listing of the notes on Tallinn Stock Exchange.”
Cobalt's team included Partner Marina Kotkas and Senior Associate Mattias Tammeaid.