Amber Beverage Group obtains financing from AS Rietumu Banka

May 22, 2023

In accordance with the terms and conditions of the Offering Memorandum dated 21 April 2023, the Board of Amber Beverage Group Holding S.à r.l. (hereinafter – the Company) informs that it has concluded a transaction with AS Rietumu Banka, where the Company obtains a EUR 10 million loan from AS Rietumu Banka to refinance the short-term liabilities against AS Signet Bank.

The loan facility from AS Rietumu Banka matures on 10 April 2028 and is secured with a Finance pledge agreement of the Company, commercial pledge over assets and shares of Amber Distribution Estonia OU, WW Equity House Holding Ltd. and WW Equity House Trading Ltd., guarantees by AS Amber Latvijas balzams and SIA Amber Distribution Latvia, as well as a commercial pledge over selected trademarks owned by AS Amber Latvijas balzams.

The transaction is forecasted to have a positive impact on Amber Beverage Group Holding S.à r.l. and the Group by levering the debt portfolio.

Amber Beverage Group Holding S.à r.l.

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