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Cobalt and Eversheds Sutherland Advise on Eco Baltia’s EUR 10 Million Bond Issuance

Cobalt and Eversheds Sutherland Advise on Eco Baltia’s EUR 10 Million Bond Issuance

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Cobalt has advised Eco Baltia on its second EUR 10 million issuance of three-year bonds, conducted as a private placement with arranger Luminor Bank and distributor Siauliu Bankas. Eversheds Sutherland was the bondholders' trustee.

Eco Baltia is the largest environmental resource management group in the Baltics. According to Cobalt, “the issue attracted strong investor interest, with total demand exceeding the issue size by 1.7 times, and orders were received from over 100 institutional and retail investors in Estonia, Latvia, and Lithuania. The proceeds from the issue will be used to further the company's development strategies through the acquisition of new companies and to strengthen its position in the international market.”

Earlier in 2023, Eversheds Sutherland also worked on Eco Baltia’s inaugural EUR 8 million bond issuance (as reported by CEE Legal Matters on February 16, 2023).

The Cobalt team included Partners Edgars Lodzins and Sandija Novicka and Junior Associate Jurijs Georgs Rusakovs.

The Eversheds Sutherland team included Senior Partner Maris Vainovskis, 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.