Ellex has advised telecommunications infrastructure company Baltic Rezo on a EUR 30 million loan from SEB Bank.
According to Ellex, the “SEB Bank provided a EUR 30 million ten-year loan to Baltic Rezo, a company from the Quaero European Infrastructure Fund II infrastructure fund. The company will use the loan to develop telecommunications infrastructure in the Baltic states further, focusing mainly on data centers and fiber optic networks. Most of the granted loan funds will be used to finance the Baltic Rezo data center’s development in Riga, Latvia.”
QEIF II is an infrastructure fund managed by Geneva-based independent asset management firm Quaero Capital. The fund invests in renewable energy, social infrastructure, telecommunications, communal services, and transport infrastructure projects.
The Ellex team included Associate Partner Egle Neverbickiene, Senior Associate Beata Plocina, and Associate Ainis Augustas Petrulis.