Baltic Rezo borrows 30 million Euro from SEB Bank

SEB Bank provided 30 mln. EUR 10-year loan to Baltic Rezo, a company from the Quaero European Infrastructure Fund II (QEIF II) infrastructure fund. In the transaction, Baltic Rezo was represented by the Banking and Finance practice of Ellex in Lithuania.

The company will use the loan to develop telecommunications infrastructure in the Baltic States further, focusing mainly on data centers and fiber optic networks.

Most of the granted loan funds will be used to finance the Baltic Rezo data center’s development in Riga, Latvia. It will be one of the most sustainable data centers in the entire region. It is also planned to invest in developing data centers in Vilnius and fiber optic networks.

The company was advised on legal matters by associate partner Eglė Neverbickienė, associate Ainis Augustas Petrulis, and a senior associate in Latvia Beata Plocina.

QEIF II is 600 million. infrastructure fund managed by Geneva-based independent asset management firm Quaero Capital. The fund invests in renewable energy, social infrastructure, telecommunications, communal services, and transport infrastructure projects.