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Eversheds Sutherland Bitans Advises Expresscredit on Secured Notes Issue

Eversheds Sutherland Bitans Advises Expresscredit on Secured Notes Issue

Latvia
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Eversheds Sutherland Bitans has advised ExpressCredit Ltd on its issuance of new notes and on securing the interests of new and existing Investors. The interests of the investors, note holders, and SIA Mintos Finance were secured with a commercial pledge in the amount of EUR 40.5 million, held by Eversheds Sutherland Bitans as the collateral agent of the investors.

ExpressCredit Ltd is a consumer financial services provider in Latvia specializing in consumer loans, pawnbroking services, and money transfer services.

The Eversheds Sutherland Bitans team included Senior Partner Maris Vainovskis, Specialist Counsels Mikus Freimanis, Dainis Vodolagins, and Indra Ingersone, Attorneys at Law Egita Peimane and Liva Lace, Assistant Attorney at Law Laura Medne, Lawyer Justine Ignatavicute, and Paralegal Zelma Lapina.

Eversheds Sutherland Bitans did not reply to our inquiry on the matter.