TGS Baltic advised  the biggest gas stations chain in Lithuania Viada LT on the issuance of bonds

01.04.2020 TGS Baltic advised the biggest gas stations chain in Lithuania Viada LT on the issuance of bonds

TGS Baltic advised Viada LT on issuing bonds worth over EUR 1 million. The subscribed bonds will soon be included to trading on the alternative stock exchange First North.

TGS Baltic team – Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas and Junior Associate Kotryna Visockytė – were advisors to the company in this process regarding the issues of Lithuanian law: structured the transaction, drafted the information document, corporate and other documents of the company in connection with the project, represented the company in Nasdaq CSD in the registration of the bonds, also in Nasdaq Vilnius in the admission of the bonds to trading on the alternative stock exchange. During the process of the offering of the bond issue, the company’s intermediary was financial brokerage company Orion Securities.

Viada LT, controlling the biggest chain of gas stations in Lithuania, started its activities in 1996 and is one of the oldest Lithuanian-capital gas station chains in Lithuania. Currently, the company holds 124 gas stations in the country and through its subsidiary also 75 gas stations in Latvia as well as carries out both retail and wholesale trade in motor fuels. The company is on the list of 500 strongest companies in Central and Eastern Europe (position 328), which is compiled by business risk management company Coface.