References/22 Apr 2015

Borenius advised 4finance Group on its SEK 225 million high-yield notes issued under a SEK 600 million program

We advised 4finance Group, a long-term client of ours, in connection with an offering of SEK 225 million of high-yield notes to international investors.

The bonds have been issued within a framework amount of SEK 600 million and the issuer has undertaken to list the bonds on the Corporate Bond List at Nasdaq Stockholm.

4finance Group is one of the largest online providers of small unsecured consumer loans in Europe. The company, having its head office in Riga, Latvia, currently operates in 12 countries: Poland, Latvia, Lithuania, Sweden, Finland, Denmark, Spain, Georgia, Bulgaria, the Czech Republic, Estonia and Russia. In Finland, 4finance Oy mainly operates under the brands “” and “”.

Borenius acted as the Latvian, Finnish and Lithuanian counsel to 4finance Group while Gernandt & Danielsson KB acted as the lead counsel and Swedish counsel. Partner Juha Koponen, Associate Laura Välitalo and Associate Annemari Rosi advised on the Finnish law issues. Specialist Partner Edgars Lodzins from Borenius’ Riga office advised on the Latvian law matters of the transaction, while Partner Evaldas Valčiukas from Borenius’ Vilnius advised on the Lithuanian law matters.

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Juha Koponen


Helsinki, London, New York