IFLR1000

4finance $325 million 10.75% bond issue

3/5/2017
High-yield bond/note issue
Select tab

$ 325 million

Completed

3/5/2017

Overview:

  • Short-term loan provider 4finance has issued $325 million 10.75% senior notes due 2022 and listed in the Luxembourg.
  • The notes were issued by 4finance's Luxembourg subsidiary and guaranteed by 4finance Holding, 4finance subsidiaries in Denmark, Finland, Georgia, Latvia, Lithuania and Sweden, as well as by 4finance Spain Financial Services, Vivus Finance in Poland and Credit Service in Lithuania.
  • Stifel Nicolaus Europe served as lead manager and sole bookrunner for the issue, with ABG Sundal Collier acting as co-manager.
  • TMF Trustee served as the trustee.

Jon Moore - Journalist

Jurisdictions:

Luxembourg
Latvia

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

Georgia
New York
United States
Poland
Denmark
Spain
Sweden
Finland
Luxembourg
Latvia
Lithuania

Industry sector:

Financial services

Firms:
Baker McKenzie

Party: TMF Trustee (Trustee)

BGI Legal

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyers: Lasha Gogiberidze, Unana Gogokhia

Borenius

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyer: Juha Koponen

Cleary Gottlieb Steen & Hamilton

Party: 4finance Holding (Guarantor)

Party: 4finance (Issuer, Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyer: Pierre-Marie Boury (retired)

Cobalt

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyer: Edgars Lodziņš

Garrigues

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Kleyr Grasso

Party: Stifel Nicolaus Europe (Lead manager, Bookrunner)

Party: ABG Sundal Collier (Manager)

Lindahl

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Plesner

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Sorainen

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyer: Augustas Klezys

Wardyński & Partners

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Lawyer: Łukasz Szegda

White & Case

Party: ABG Sundal Collier (Manager)

Party: Stifel Nicolaus Europe (Lead manager, Bookrunner)

Wildgen

Party: 4finance (Issuer, Guarantor)

Party: 4finance Holding (Guarantor)

Party: Vivus Finance (Guarantor)

Party: Credit Service (Guarantor)

Related deals