Walless has helped Vilniaus Baldai get a parallel loan of EUR 37.8 million from the EBRD and AS Citadele Banka's Lithuanian branch. Cobalt advised the lenders on the deal.
According to Walless, the loan will help Vilniaus Baldai, a Lithuanian furniture supplier, improve its production capacity by constructing a new manufacturing plant to replace its current facilities and consolidate its operations in one location.
The Walless team consisted of Partner Evaldas Klimas, who advised Vilniaus Baldai on the construction agreement, and Partner Dovile Burgiene and Associate Enrika Tamasauskaite, who worked on financing aspects of the deal.
The Cobalt team consisted of Associate Partner Eva Suduiko and Senior Associate Lina Taletaviciute-Misiuniene.