Close

Financing transactions

We have extensive experience in commercial lending, subordinated and syndicated loans, refinancing and portfolio restructuring. Our strengths include the ability to effectively handle and coordinate documentation of complicated transactions and participate in multi-jurisdictional projects. We know the importance of collateral and are experts in the regulation and structuring of all types of security instruments available in our jurisdictions. With respect to asset finance, we regularly represent borrowers, as well as lenders, helping clients put into place funding for projects as diverse as commercial real estate development, industrial plant acquisition, transport and infrastructure projects, etc. Our team also specializes in providing services to foreign investors and local companies on all legal matters related to the application, receipt and use of national financing and the European Structural Funds.

Key contact

Giedrius Stasevičius

Partner

Head of Banking and Finance practice
+370 52681847
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86Z2llZHJpdXMuc3Rhc2V2aWNpdXNAZWxsZXgubHQiPmdpZWRyaXVzLnN0YXNldmljaXVzQGVsbGV4Lmx0PC9hPg==:xx

Ieva Dosinaitė

Partner

Head of Banking and Finance practice
+370 52194641
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86aWV2YS5kb3NpbmFpdGVAZWxsZXgubHQiPmlldmEuZG9zaW5haXRlQGVsbGV4Lmx0PC9hPg==:xx

Key projects in the field

Ellex Valiunas advised the managers in the largest EUR 1.5 billion and first ever dual tranche Eurobond issue
Lithuania has successfully issued two (10– and 20–year) Eurobonds of EUR 750 million each in October 2015, that is a new milestone in the country’s borrowing history.
 
„Lithuania has borrowed a large amount for a long duration by issuing a dual tranche Eurobond for the first time. The decision reflected investors’ demand and our borrowing strategy. The long duration will allow us to achieve a smooth debt profile and lock into low interest rates for a longer period. Low interest rates will help to refinance old debts and to redirect savings on interest to public needs“, – Lithuanian Finance Minister Rimantas Šadžius said.
 
Ten-year EUR 750 million Eurobond has the lowest coupon in the country’s history – 1.25 per cent. It is also the largest among Lithuania’s Eurobonds of such duration in the euro market. Twenty-year EUR 750 million Eurobond with the 2.125 coupon is the first Lithuania’s Eurobond issue.
The transaction was lead-managed by Barclays, BNP Paribas and HSBC. 
We helped to establish Lithuania’s first EMTN programme and inaugural issue
Our team assisted BNP Paribas and Barclays Capital as dealers in relation to the establishment of EMTN programme of the Republic of Lithuania and inaugural issuance under it. Notes in nominal value of EUR 500 million was issued. This was the first ever EMTN programme of the Republic of Lithuania.
We advised the Aviation Capital Group Corp. (lessor) in leasing an export credit agency financed aircraft to a leading Lithuanian charter company
This was a noted transaction for the Lithuanian market, as it was probably the first export credit agency financed aircraft transaction in Lithuania and also one of the most complicated aircraft financing transactions involving multiple lenders.
We acted as the Lithuanian counsel to Aviation Capital Group Corp. (as a lessor) in leasing an export credit agency financed Airbus A320-200 aircraft to a leading Lithuanian mid-size aircraft charter company.
The export credit agencies requested legal advice from our team concerning the leasing transaction and preparation of the Lithuanian law governed mortgage over the aircraft. Apart from the usual role of Lithuanian counsel, we assisted both parties in highly specialised technical issues, including advising on aircraft maintenance, airworthiness and registration matters.