Bite group companies refinance

COBALT offices in Lithuania and Latvia advised BITE Group in connection with Bite Finance International B.V. issuing EUR 200,000,000 Senior Secured Floating Rate Notes due 2018 and UAB BITE Lietuva entering EUR 20,000,000 Senior Revolving Credit Facility Agreement.

BITE Group is one of the largest international telecommunications groups in the Baltic countries. The group includes UAB BITE Lietuva operating in Lithuania since 1995 and SIA BITE Latvija established in 2005.

COBALT assisted BITE Group in drafting of the offering memorandum as well as in grant of security for the obligations of Bite Finance International B.V. in relation to the Senior Secured Floating Rate Notes and for the obligations of UAB BITE Lietuva in relation to the Senior Revolving Credit Facility.