COBALT advised Amber Beverage Group on issuance of EUR 30 million bonds

2023 - 04 - 26

COBALT Capital Markets team advised, Amber Beverage Group, a global spirits company, on issuance of EUR 30 million four-year senior secured bonds. Signet Bank AS acted as the arranger of the issuance.

The bond issue saw an exceptionally high level of demand from both private and institutional investors from all three Baltic countries, with total demand exceeding EUR 45 million and more than 100 investors participating in the offering.

Proceeds from the bond issue will be used to finance the construction of a modern, fully automated A-class logistics center. The new facility will increase warehouse capacity of the Group in Latvia by approximately 30%, and will improve efficiency of the Group.

It is anticipated that the bonds will be listed on the Frankfurt Stock Exchange Open Market and the Nasdaq Riga Regulated Market.

Amber Beverage Group is a rapidly-growing global spirits company whose products are found in millions of households and venues around the world. Starting with its initial production business in the Baltics, the company has grown to become a global leader in the alcoholic beverages sector, with over 2,000 employees.

Legal advice in relation to the issuance of bonds was provided by COBALT team, including Partner Edgars Lodziņš, Specialist Counsel Andrejs Lielkalns, and Senior Associate Krišjānis Bušs.

Amber Beverage Group’s official statement.

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