TEGOS advised Bonava Group, one of Europe’s major residential property developers, on securing a EUR 397,582,695 multicurrency senior facility agreement governed by Lithuanian law – an essential component of the Group’s Europe‑wide refinancing programme. The deal is notable for aligning the financing structure of a Stockholm‑listed developer with lender‑driven requirements across multiple jurisdictions, ensuring that Baltic assets could be seamlessly incorporated into the Group’s consolidated security package.
The team designed and implemented Lithuanian‑law share and claim‑rights pledges over UAB Bonava Lietuva, adapting the existing security structure and updating receivables pledges for the Group’s Baltic subsidiaries. This required coordinating the interaction between Nordic financing documentation and Lithuanian statutory perfection rules, ensuring enforceability and full compatibility with the wider security framework.
At the same time, TEGOS advised Bonava AB (publ) on issuing up to SEK 960,000,000 (EUR 91,020,672) in new secured green bonds intended to refinance existing notes. The cross‑border element – spanning Estonia, Latvia, and Lithuania – demanded harmonised legal deliverables under tight timelines.
TEGOS also issued a legal opinion confirming the legality, validity, and enforceability of the Lithuanian-law security documents and amendments, which formed part of the lenders’ core conditions precedent.
UAB Bonava Lietuva’s shares and claim rights constitute a material security component of Bonava’s broader European financing strategy.
