TGS Baltic assisted Bergs Timber AB on a refinancing transaction

29.08.2019 TGS Baltic assisted Bergs Timber AB on a refinancing transaction

TGS Baltic advised Bergs Timber AB group companies in Latvia – Vika Wood and Byko-Lat on Latvian law matters in relation to the group refinancing transaction with Danske Bank and Svensk Exportkredit of the senior term and revolving facilities with the total value of SEK 622,000,000 and EUR 12,000,000, where the Latvian companies acted as guarantors.

TGS Baltic advised Bergs Timber AB group companies in Latvia – Vika Wood and Byko-Lat on Latvian law matters in relation to the group refinancing transaction with Danske Bank and Svensk Exportkredit of the senior term and revolving facilities with the total value of SEK 622,000,000 and EUR 12,000,000, where the Latvian companies acted as guarantors. The advice provided by TGS Baltic related to review of the loan agreement from the Latvian law perspective, work on the security agreements, corporate approvals, as well as establishing of appropriate securities.

The team of TGS Baltic Latvia was made of partner Inese Hazenfusa, associate Reinis Grunte and legal assistant Mārtiņš Galzons. 

Bergs Timber, founded in 1919, is a Swedish sawn and processed timber producer and seller, that offers spruce and pine wood products, and linseed oil treated timber; and by-products. Bergs Timber is active in three business areas: forestry services for forest owners, forest products and timber preservation. http://www.bergstimber.se/en 

TGS Baltic is a top – tier full-service business law firm in Latvia, Estonia, and Lithuania employing 150+ lawyers across the Baltics. http://tgsbaltic.com/