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Cobalt and Ellex Advise on Amber Beverage Group EUR 30 Million Bond Issuance

Cobalt and Ellex Advise on Amber Beverage Group EUR 30 Million Bond Issuance

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Cobalt has advised the Amber Beverage Group on its EUR 30 million issuance of four-year senior secured bonds with Signet Bank as the arranger. Ellex was the collateral agent on the issuance.

The Amber Beverage Group is a spirits company.

According to Cobalt, “the bond issue saw an exceptionally high level of demand from both private and institutional investors from all three Baltic countries, with total demand exceeding EUR 45 million and more than 100 investors participating in the offering. Proceeds from the bond issue will be used to finance the construction of a modern, fully automated A-class logistics center. The new facility will increase the warehouse capacity of the Group in Latvia by approximately 30% and will improve the efficiency of the Group. It is anticipated that the bonds will be listed on the Frankfurt Stock Exchange Open Market and the Nasdaq Riga Regulated Market.”

Cobalt’s team included Partner Edgars Lodzins, Specialist Counsel Andrejs Lielkalns, and Senior Associate Krisjanis Buss.

Ellex's team included Partner Ilga Gudrenika-Krebs and Associate Partner Marta Cera.

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