During the first distribution round in spring, the company raised €3.5 million. The second €2 million tranche of the bond issue will provide investors with an annual return of 12.5%, with redemption scheduled for November 2026. Funds raised through the bonds will be used to refinance working capital and existing liabilities.
AB Šiaulių Bankas, the largest Lithuanian-capital bank in the country, was selected as the distributor of the issue.
"I am glad that bond financing can align investor expectations with the needs and opportunities of issuers," said Dalia Augaitė, Partner at TGS Baltic.
In addition to Lithuania, PRO BRO Group is actively expanding in foreign markets. This year, following the first car wash opened last year, it launched three new tunnel car washes in Riga and is preparing for expansion in Finland, Sweden, Poland, Estonia, and other markets.
TGS Baltic has represented PRO BRO Group in this transaction, with Partner Dalia Augaitė, Associate Kotryna Visockytė, and Legal Assistant Gabija Šidlauskaitė advising on all legal matters.
