Cobalt has advised Coffee Address Holding on its EUR 5 million unsecured bond issuance. Eversheds Sutherland Bitans advised on collateral agent matters and undertook collateral agent functions for the term of the bonds. Signet Bank was the arranger of the issuance.
"The bonds were offered to investors through a private placement, and are scheduled to be included in the Nasdaq First North alternative market within 12 months," Cobalt informed.
According to Eversheds Sutherland, "investor demand exceeded the issue offer, involving the participation of both private and institutional investors."
Established in 1993, BaltCap portfolio company Coffee Address is a coffee company specializing in office and on-the-go coffee in the Baltics.
The Cobalt team included Partner Edgars Lodzins and Specialist Counsel Andrejs Lielkalns.
The Eversheds Sutherland team was led by Senior Partner Maris Vainovskis and Associate Justine Ignatavicute.