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TGS Baltic Assists Latvian Bergs Timber Companies on Refinancing

TGS Baltic Assists Latvian Bergs Timber Companies on Refinancing

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TGS Baltic has advised Vika Wood and Byko-Lat, members of the Bergs Timber group, on Latvian aspects of a refinancing transaction with Danske Bank and Svensk Exportkredit of senior term and revolving facilities worth SEK 622 million and EUR 12 million, where the Latvian companies acted as guarantors. Ellex advised Danske Bank and Svensk Exportkredit.

Bergs Timber is a Swedish saw and processed timber producer and seller that offers spruce and pine wood products, linseed oil treated timber, and related by-products.

The TGS Baltic team included Partner Inese Hazenfusa, Associate Reinis Grunte, and Legal Assistant Martins Galzons.

The Ellex team included Associate Partner Valters Diure, Senior Associate Anna Misneva, and Associate Marats Golovkins.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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