TEGOS advised UAB Nala Renewables on securing three acquisition‑financing facilities from Luminor Bank AS – EUR 14,550,509, EUR 10,949,491 and EUR 3,100,000 – directly enabling the client to acquire all shares in UAB “GG LTU S13”, UAB “GG LTU S8” and UAB “GG LTU S43”. The deal stood out because a non‑Lithuanian borrower obtained acquisition financing from a Lithuanian bank, a structure used infrequently in the market, and because it formed the final stage of Nala Renewables’ strategic consolidation of Lithuanian solar‑park assets under Project Remote III.
The team – Žygimantas Stankevičius and Sebastian Okinczyc – led negotiations on all loan agreements and implemented a coordinated cross‑security structure spanning multiple project companies. This required integrating mortgages over assets and related rights, share pledges, and cross‑guarantees into a single bankability framework that aligned the acquisition financing with the future development phase of the solar parks.
TEGOS also managed all closing operations – drafting hedging arrangements, preparing amendments to share‑pledge instruments and finalising the additional security documents needed for simultaneous financing and acquisition completion. The legal structuring ensured that Nala Renewables could transition directly from transaction closing to project execution with a uniform risk‑management and security package across all three target companies.
