TGS Baltic advised Luminor Bank on arranging syndicated financing

06.01.2021 TGS Baltic advised Luminor Bank on arranging syndicated financing

TGS Baltic represented Luminor Bank, the third largest financial services provider in the Baltic banking market, which together with Šiaulių bankas is lending EUR 44 million in equal parts for a new shopping centre project – 62,000 m² shopping mall Vilnius OUTLET.

The total value of the project is about EUR 78 million. The banks signed a syndicated loan agreement with the company implementing the project – Trečioji Kregždė.

It is planned that the giant shopping centre will house more than 150 outlet-type shops, 30 restaurants and cafes, as well as a cinema.

TGS Baltic Partner Žygimantas Stankevičius and Senior Associate Eglė Neverbickienė represented the client in drafting the agreement and in long negotiations with the bank’s client.