Triniti has advised Estonian government-owned Transpordi Varahaldus on the EUR 23 million financing it received from LHV Bank for seven of its Bombardier CRJ900-type aircraft.
TVH refinanced its previously issued bonds with the loan from LHV Bank.
According to Triniti, “in 2017 and 2018, TVH issued bonds for a total of EUR 35 million which were purchased in equal parts by LHV Pension Funds and LHV Bank. TVH used the financing to purchase additional CRJ900-type aircraft and lease them to the Nordic Aviation Group (Nordica). The outstanding amount of the bonds was now refinanced with a bank loan obtained from LHV Bank.”
Triniti’s team included Partners Ergo Blumfeldt and Tonis Tamme and Senior Associates Ain Kalme and Sten Veidebaum.