Latvia’s 4finance Holding extends maturity of 2025 bonds to 2028

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – 4finance Holding SA completed the refinancing of its February 2025 bonds to extend the maturity to May 23, 2028, according to announcements on Monday.

In addition to the maturity extension, among other things, the group granted a put option for €15 million principal amount of the bonds in February 2025 and is canceling €15 million of the bonds that it owns, which is expected to be completed by the end of December.

An update to the call structure states a call price of 106 that will decline over time.

The group also added its operating entity in the Philippines to the list of guarantors for its 2026 and 2028 bonds.

Payment of the participation fee is expected to be finalized on Dec. 8.

Financial advisers are Aalto Capital (Munich) (e-mail: manfred.steinbeisser@aaltocapital.com, or +49 1752668901) and Gottex Brokers (e-mail: jonatan.gonn@gottexsecurities.com, or +46 8 665 64 54).

4finance is a provider of short-term loans and is based in Riga, Latvia.

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