Brandl & Talos has advised GoLending AT GmbH on the issuance of a corporate bond with an indefinite term for a total of up to EUR 50 million. The new bond bears interest at an annual rate of 9.725% and can be subscribed to as of May 1, 2017, for a minimum subscription price of EUR 100,000.00.
GoLending AT GmbH, based in Vienna, operates as a pawn broker. The capital raised through the bond is intended to further strengthen the liquidity of the company and, above all, to finance and expand its operational activities in the area of providing pawn loans in the commercial arena.
The Brandl & Talos consisted of Partner Christopher Schrank, Attorney Martin Kollar, and Associate Hannes Schlager.