We advised United Partners in connection with 4.7 MEUR bond issue

Yesterday, on 12 June 2017, the bonds issued by UPP & CO KAUNO 53 OÜ were admitted to trading on Nasdaq Baltic First North. The size of the bond issue is 4.7 MEUR. Ellex Raidla team advised UPP & CO KAUNO 53 OÜ in connection with the preparation of the bond documentation.

UPP & CO Kauno 53 OÜ has been founded by United Partners Property OÜ which manages the real estate investments of United Partners. The bonds were issued to finance the acquisition of a central warehouse of Rimi in Lithuania.

First North is a multilateral trading facility, most commonly known as an alternative market. In the Nordic and Baltic countries First North operates in parallel with regulated market, although it does not have the legal status as a regulated market. The bonds were listed on First North to provide investors with an easy and transparent way to sell or buy the bonds if they want to.

Ellex team included Ellex Raidla partner Raino Paron, senior associate Gerly Lõhmus and Ellex Valiunas partner Joana Baublyte-Kulviete and senior asscoaite Lina Radaviciene.
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