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TGS Baltic and Eversheds Sutherland Advised on Eco Baltia EUR 8 Million Bond Issuance

TGS Baltic and Eversheds Sutherland Advised on Eco Baltia EUR 8 Million Bond Issuance

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TGS Baltic has advised Eco Baltia on its inaugural EUR 8 million issuance of three-year bonds. Eversheds Sutherland acted as trustee for the issuance.

According to TGS Baltic, “the maturity date of the bonds is set on February 17, 2026, with an option for the issuer to call the bonds after two years. The nominal value of a bond is EUR 1,000, and the interest rate (coupon) of 8% is fixed for the whole period [...] The proceeds raised will be used to finance future development projects of Eco Baltia, with a focus on supporting the company’s expansion plans in Europe and promoting the circular economy.”

Eco Baltia is an environmental and waste management group in the Baltics, managed by private capital fund INVL Baltic Sea Growth Fund. Eco Baltia provides full-cycle waste management solutions, from waste collection and sorting to secondary raw material logistics, wholesale, and raw material processing.

TGS Baltic’s team included Partners Vidmantas Drizga, Inese Hazenfusa, and Dalia Augaite and Associate Martins Galzons.

The Eversheds Sutherland team included Senior Associate Justine Ignatavicute and Associate Karlis Jekabs Ivans.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.