Sorainen's Lithuania office has advised 4finance on a USD 325 million bond issue due in 2022. The bonds are listed on the Global Exchange Market of the Irish Stock Exchange.
4finance is Europe’s largest online mobile consumer lending group.
Sorainen acted as the issuer's local legal adviser for the new bond issue and advised on Lithuanian law. The firm's advice included limited legal due diligence of the issuer's Lithuanian affiliates, drafting of the Lithuanian-related parts of the bond documentation and corporate authorizations, and issuing transaction opinions on Lithuanian law matters.
The Sorainen team was led by Counsel Augustas Klezys and included Senior Associates Daiva Liubomirskiene and Dalia Augaite and Associate Arturas Asakavicius.