Latvia’s Bite Lietuva to price €650 million of fixed-, floating-rate notes due 2026

By Rebecca Melvin

New York, July 7 – PLT VII Finance Sarl, a subsidiary of Latvia’s UAB Bite Lietuva, is planning to price €650 million in two tranches of fixed-rate and floating-rate notes due in 2026, according to a regulatory notice on Tuesday.

The tranches include €250 million senior secured floating-rate notes due January 2026 and €400 million senior secured notes due January 2026.

Lietuva, UAB Teletower, UAB Eurocom, UAB All Media Lithuania, SIA Bite Latvija, SIA Teletowner and SIA All Media Latvia are guarantors of the notes.

Deutsche Bank AG, London Branch, is managing the tranches.

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