TGS Baltic assisted CVI in preparation and negotiation of a secured mezzanine bonds transaction. The bonds were issued by a Latvian company SIA Riga Retail Park under Polish law, but the securities were established under Latvian law. The bond issue was also a subordinated transaction to the senior loan to be issued by a syndicate of banks in Latvia. TGS Baltic assisted in the preparation and negotiations of the transaction documents. In particular, TGS Baltic advised on all transactional matters under Latvian law, including, subordination agreements with the banks in Latvia, Latvian law matters in relation to the bonds, security agreements for the bonds to be entered into by SIA Riga Retail Park and its shareholders, corporate approvals and others. The closing of the transaction was in January 2020.
The team of TGS Baltic was made of partner Inese Hazenfusa, associate Miķelis Ozolņš and legal assistant Mārtiņš Galzons.
Deloitte Legal from Poland advised on Polish law matters of the transaction.
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TGS Baltic is a full-service business law firm in Latvia, Estonia, and Lithuania employing 150+ lawyers across the Baltics. http://tgsbaltic.com/