TGS Baltic has advised Vika Wood and Byko-Lat, members of the Bergs Timber group, on Latvian aspects of a refinancing transaction with Danske Bank and Svensk Exportkredit of senior term and revolving facilities worth SEK 622 million and EUR 12 million, where the Latvian companies acted as guarantors. Ellex advised Danske Bank and Svensk Exportkredit.
Bergs Timber is a Swedish saw and processed timber producer and seller that offers spruce and pine wood products, linseed oil treated timber, and related by-products.
The TGS Baltic team included Partner Inese Hazenfusa, Associate Reinis Grunte, and Legal Assistant Martins Galzons.
The Ellex team included Associate Partner Valters Diure, Senior Associate Anna Misneva, and Associate Marats Golovkins.