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ESTO Holdings OU Announces Closing of €15 Million Senior Secured Notes Due 2026 Marked By 1.9x Oversubscription
"The successful completion of the second bond issuance, marked by strong investor participation and oversubscription, demonstrates the confidence investors have in our sustainable profitable growth trajectory, strong financials and proven strategy. We are particularly pleased that many participants from our first issuance chose to exchange into this new bond, further reinforcing their trust in our vision and long-term success. I would like to extend my gratitude to Signet Bank for their expertise in arranging the issuance and to our CFO, Gustav Juurikas , for his outstanding leadership in managing this project effectively", said Mikk Metsa , CEO of ESTO.
"Having worked with ESTO during it's debut bond issue in 2021, it is a pleasure to see how the company and business model itself has matured and showed solid financial performance year after year. More than half of the demand for new bonds were generated by institutional investors from all Baltic states showcasing the company's pan-Baltic recognition, "said Edmunds Antufjevs, Head of Investment Banking of Signet Bank.
Signet Bank AS ( Latvia ) acted as lead manager and sole bookrunner of the ESTO notes issue.
Eversheds Sutherland Ots & Co acted as the sole legal counsel for the issuer.
Founded in 2017, ESTO focuses on building a comprehensive shopping ecosystem that helps Baltic businesses sell and enables people to access products and make purchases easily. With a straightforward approach, ESTO supports both consumers and businesses across the region and has become a trusted name in the Baltic region.
View original content: https://www.prnewswire.co.uk/news-releases/esto-holdings-ou-announces-closing-of-15-million-senior-secured-notes-due-2026-marked-by-1-9x-oversubscription-302312786.html