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Cobalt Advises AS PRFoods on Note Issuance

Cobalt Advises AS PRFoods on Note Issuance


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.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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

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