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TGS Baltic provided legal assistance to SEB bank Latvia regarding a long-term syndicated loan to Linstow group enterprises.
SEB bank acting also as the agent and Danske Bank together issued a loan of 76 million euros to the Linstow group companies, and each of the banks financed a half of the loan. The purpose of the loan is to refinance the group companies’ obligations in the shopping malls Origo and Galerija Centrs.
Within the scope of legal support TGS Baltic participated in preparing of the loan agreement and refinancing agreement as well as in preparing of related security documentation, and represented SEB bank in the negotiations with the borrower on the transaction structure and provisions of the documentation.
For more information please refer to: http://www.seb.lv/eng/news/2016-05-03/linstow-receives-eur-76-million-financing-seb-and-danske-bank
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